3 ms·
> If you're convinced this is the price you're going to enter a position at, you're able to do so If you want to trade at the current price, then you'd send a
by evanpw 10y ago
> If you're convinced this is the price you're going to enter a position at, you're able to do so
If you want to trade at the current price, then you'd send a limit order with the current price as limit price. The difference between that and a market order is in what happens if the price moves in the milliseconds between you clicking the button and the order executing: a limit order won't execute (or in general, will execute only if the price didn't move further than the limit you've set), while a market order will execute no matter what happens, even if your $100 stock had a flash crash down to 1 cent. That's basically never what you want.