2 ms·
> If I'm buying with limit orders, can someone explain how I'd get a bad deal No idea if this actually happens on those exchanges, but: Suppose you place a li
by klipt 11y ago
> If I'm buying with limit orders, can someone explain how I'd get a bad deal
No idea if this actually happens on those exchanges, but:
Suppose you place a limit order to sell STCK for $x and I only execute it (giving you $x) if the price goes above $x+1. Someone's making $1 on that spread and it definitely isn't you.
Conversely you place a limit order to buy STCK for $x and I only execute it (costing you $x) if the price drops below $x-1.