DoddDisciple Posted January 13, 2014 Share Posted January 13, 2014 Here's something I'm curious about. You have a stock you're interested in. You have a price in mind. How do you price your limit order? If the market price works, do you try to take a little of the upside, maybe putting in an order 0.5% below market? Maybe make an order at the daily low and wait if it's greater than a 0.5% difference? Or do you really try to take and edge and do something with a longer price period in mind, say cut the difference between 52 week low and market price? What about on sales? The same questions would apply, but do you also perhaps leave some ludicrous ask prices out there in case someone makes a market order? As an example, I was looking at MAXX and saw the market price was $686.01, but there was a $199,999.99 ask for some poor sap who made a market order for 2+ shares. Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now