What do you think of using Chase-if-touched orders to exit positions?

Discussion in 'Order Execution' started by Kovacs, Sep 4, 2009.

  1. Kovacs


    If you have a CIT order pending, and price touches the order's level but doesn't result in a fill before moving away, the CIT order turns into a pegged order. That is, it starts following the price until it fills.

    I'm considering using this to only exit positions.