2 ms·

I agree with placing limit orders instead of market orders, but if an illiquid stock is quoted at 20.00 to 20.10, placing a limit order to buy at 20.10 is not m

I agree with placing limit orders instead of market orders, but if an illiquid stock is quoted at 20.00 to 20.10, placing a limit order to buy at 20.10 is not much different from a market order, at least for a small number of shares. It's possible some brokers will offer more price improvement than others in this trade, filling you at less than 20.10.

drcode 6y ago
Agreed
hef19898 6y ago
Thinking about it, I never used anything else than limit orders. Not saying much, so, as I maybe used that to sell like 4 times in tha last one year and half.
- dboreham 6y ago
  Jim Cramer has been advising never to use market orders for several years.