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Short-term intraday traders: limit or market entries?
- Thread starter Thunderdog
- Start date
I remember there's a chapter in the book Reminiscence of a Stock Operator, in which the "Boy Plunger" Livingston choosed to use market order after just leaving the bucket shop. He blowed himself up, then realised that a market order could lead the man in danger during a drastic market movments, which would cause the bargain price far away from the anticipant price.
Quote from Thunderdog:
I am curious to know how many short-term intraday traders use limit entry orders vs. market entry orders.
I trade the electronic T-Bond futures, which moves quickly in the first 1.5 hours, so for those hours I use market to get in quickly, otherwise I will miss the opportunity. After that, I always use limit order (buy@bid, sell@ask) because my limit orders always gets filled when the market is not moving very quickly.
Quote from wavetrader:
I trade the electronic T-Bond futures, which moves quickly in the first 1.5 hours, so for those hours I use market to get in quickly, otherwise I will miss the opportunity. After that, I always use limit order (buy@bid, sell@ask) because my limit orders always gets filled when the market is not moving very quickly.
Can you really buy@bid, sell@ask? Can you do it in ZN or ZF?