3 ms·
I'm a retail investor. I think I've entered fewer than 2% of my orders as market orders. I rarely want to take a price and give up the full spread. I doubt I'm
by sokoloff 4y ago
I'm a retail investor. I think I've entered fewer than 2% of my orders as market orders. I rarely want to take a price and give up the full spread. I doubt I'm alone.
- n2d4 4y agoIf you're a maker (which is not necessarily the case with limit orders), then there is a slight potential for adverse selection, but that's exactly what the spread compensates you for. If you don't want that, I'd recommend sticking to being a taker and paying the spread, for example using market or IOC limit orders.