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For retail investors in a situation like this, it probably doesn’t matter. You would create a buy limit order at a price somewhere high enough that it’s likely
by mlthoughts2018 7y ago
For retail investors in a situation like this, it probably doesn’t matter. You would create a buy limit order at a price somewhere high enough that it’s likely to execute no matter what the price is doing, so the effect is basically the same as a market order.
The advice to generally use limit orders is good though. Rarely would a retail investor need a market order.
- dannyw 7y agoAll retail brokerages, and even many professional brokerages send market orders as limit orders anyway. No one wants 100% slippage.