3 ms·
If the ask is at $8.03 and you are first in queue at $8.01 all the orders in $8.03 and $8.02 have to be filled before you get filled so you have plenty of time
by drexlspivey 3y ago
If the ask is at $8.03 and you are first in queue at $8.01 all the orders in $8.03 and $8.02 have to be filled before you get filled so you have plenty of time to cancel your order.
- 1retep 3y agoAssuming you mean bid. If the the size is only 10 @ 8.03 and 1 @ 8.02 and 8.01, then if someone is looking to sell 100 at market price it will be a problem. The sell order will go through many levels after filling yours and it will all happen at the same time.
- drexlspivey 3y agoApparently that doesn’t happen often enough to make the strategy unprofitable
- 1retep 3y agoThe point is that you can’t assume you can pull your order