2 ms·
Do people really care about a 0.04% difference in price on stock orders? When I make a market order, I'm investing, not trading. As long as my order is within
by secabeen 11y ago
Do people really care about a 0.04% difference in price on stock orders? When I make a market order, I'm investing, not trading. As long as my order is within a percentage point of the quote I got when I opened the trade window, I really don't care. My intention is to make tens or hundreds of percentage points on my investment over years.
Were I trading, I might think differently, but traders should be expected to know about limit orders.
- kasey_junk 11y agoI picked those numbers to be a bit ridiculous. That said, even as a long term buy and hold participant there is some number where you don't think your investment choice makes sense. If you encode that value into your order you are protected from flashes and guaranteed to get your order for up to that price (assuming the liquidity exists to support your order).