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NY, NY/USA
Experience: Advanced
Platform: Investor/RT and TT XT
Broker: DTN IQFeed, Rthmic, TT-NET
Trading: Energy Futures
Posts: 222 since Mar 2013
Thanks Given: 196
Thanks Received: 1,180
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Interesting topic!
Stop market orders here or I will just hit buy/sell @ the market to enter the trade.
For myself, the bottom line is to get into the trade......I don't want to get a partial fill and be "half in" in an attempt to grab a few ticks at a better price. On some swings, there might not be a second chance to get in.
I find that traders with conviction behind their setups tend to use market orders, but this also depends on the type of trading and market.
As someone else mentioned already, I will use limit orders a small percentage of the time (when trying to reach on a fill price) on exits...but this is bracketed with a market order that will trigger if the limit is not filled or a partial fill.
| If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling |
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