3 ms·
Does all this inferior execution boil down to Market orders? I learned early on (iirc from Jim Cramer!) to use limit orders. There would never be an inferior e
by maerF0x0 6y ago
Does all this inferior execution boil down to Market orders? I learned early on (iirc from Jim Cramer!) to use limit orders.
There would never be an inferior execution with limit orders, right?
EDIT: this comment seems to speak to the topic: https://news.ycombinator.com/item?id=25456763 https://news.ycombinator.com/item?id=25456763
according to ^^ even if you limit buy for $100 they have a duty to get you $99 if it's available.
- nrmitchi 6y agoA limit order just specifies the maximum that you are willing to spend per share. For example, putting in a limit order at $100 for a share of "X", means that you won't pay more than $100. If the best available price for "X" at the time is $98, and Robinhood gives you a share for $99, that is still an inferior execution.