remember kids:
if you're bidding a level and betting on a pullback, if the market is strong you're unlikely to get filled and will probably get left behind when the market rises
but if the market is weak and you misread it, you're guaranteed to get filled when the market drops
if you're bidding a level and betting on a pullback, if the market is strong you're unlikely to get filled and will probably get left behind when the market rises
but if the market is weak and you misread it, you're guaranteed to get filled when the market drops
don't get sidelined when you're correct, ask your doctor if using Market Orders is right for you!*
*Side effects include increased testosterone, strike rate and sex appeal. Some studies show using market orders can lower the chance of rugpull or being kicked out of the basement.
*Side effects include increased testosterone, strike rate and sex appeal. Some studies show using market orders can lower the chance of rugpull or being kicked out of the basement.
best way to think about it:
limit order means "I only want exposure if the market trades a minimum of [order quantity] at [limit price] or worse"
market order means "I want guaranteed exposure at the best available price"
use whichever fits your trade thesis the best
limit order means "I only want exposure if the market trades a minimum of [order quantity] at [limit price] or worse"
market order means "I want guaranteed exposure at the best available price"
use whichever fits your trade thesis the best
if you think price will drop, you're usually better off using a TWAP to enter than setting limit orders
TWAP says "I want guaranteed exposure, but I think the best available price is more likely to go down in the short term"
Sounds more like your trade thesis now, innit?
TWAP says "I want guaranteed exposure, but I think the best available price is more likely to go down in the short term"
Sounds more like your trade thesis now, innit?
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