Even when the market is moving fast, you need only enter LIMIT just a tick or two above your desired entry. For example, if your entry was for 3120, then you enter LIMIT for 3120.25 or 3120.50. Here I'm speaking of equity futures, but this would work for stocks as well. BTW do that for STOP LIMIT as well.That's just not true. Slow and fast markets are very different, when you want to enter a popular level then you want to send MKT and choose routing carefully (differences are significant), putting a limit means you will never get anything. Personally I prefer algo orders that are split into smaller parts. Also, typically stop orders are just market orders, nothing else.
Edit: I suppose what I'm really saying is that you should know when and where to get in and out BEFOREHAND and not have to chase the market.
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