What happens to a buy market order if no one is selling?

Rule 41 Don't Be Penny-wise And Pound Foolish
When you decide to enter the market, avoid the temptation to put a price order in to get it just a bit cheaper.
This nickel-and-dime mindset will cost quarters and dollars in the long run. If you have spotted a buying formation on your stock chart and other research tells you to buy, just do it. Place a market order and get on with the next piece of analysis.

I was wondering about the risks of market orders in general and I questioning myself about what may happen in limit situations such as very limited supply.

Is the above rule a valid one?


nt
 
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Robert Morse said:
Your example only happens during times of system problems. That said, if a stock is trading at 40, and all the market makers widen their quotes and the best limit or is 200, you have a certain period of time to Contest the trade from an obvious Error rule.

My advise is to never use market orders. Use a limit order through the ask a certain amount to protect yourself.
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%% Amen and seldom happens; + happens even less in a liquid market.And using a limit order to tight is worse, cause easy to have missed the move//good trend-dont quibble over a quarter+ miss the move.....:cool::cool:
 
novicetrader69 said:
Rule 41 Don't Be Penny-wise And Pound Foolish
When you decide to enter the market, avoid the temptation to put a price order in to get it just a bit cheaper.
This nickel-and-dime mindset will cost quarters and dollars in the long run. If you have spotted a buying formation on your stock chart and other research tells you to buy, just do it. Place a market order and get on with the next piece of analysis.

I was wondering about the risks of market orders in general and I questioning myself about what may happen in limit situations such as very limited supply.

Is the above rule a valid one?


nt
More...
%% Wise words on swing position trades.Price moves good on liquid stuff, a generous limit is even better:cool::cool:
 
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