Posted by brallen1 on 14th of Apr 2009 at 05:17 pm
Do you guys sell at market at end of day? Today was tricky
getting a limit price on two eod trades. thanks for your
veiws. ( a market order sure would decrease the stess!)
Posted by dbray740 on 14th of Apr 2009 at 11:11 pm
I use mkt orders too, but I only buy/sell at market when it's a
highly liquid stock or ETF. (SRS, SSO, etc are great for this). But
if it's lightly traded, then it's generally best to use a limit
order. I once bought some shares of a lightly traded stock for
about 11 cents, but they filled at around 17 cents. Why? Because
nobody was available to sell to me at 11! A limit order would have
saved me the trouble since it wouldn't have filled that high. But
highly traded stocks and ETFs almost always get filled instantly
for me when I buy/sell at market.
Posted by billrosen on 14th of Apr 2009 at 06:29 pm
i sell at 3:58pm, to give myself a minute or two to make sure I
get filled and yes always at market for me, not sure what others
do, but SRS is a wild one and you certainly might not get your
limit price and then be stuck holding over night.
when you really want to get in or out of the market, use a
market order. At the end of the day, you want to get out, not
haggle over price. Also, these symbols are all so liquid, it
barely matters.
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EOD
Posted by brallen1 on 14th of Apr 2009 at 05:17 pm
Do you guys sell at market at end of day? Today was tricky getting a limit price on two eod trades. thanks for your veiws. ( a market order sure would decrease the stess!)
definitely market order -- don't
Posted by bkout3 on 14th of Apr 2009 at 10:36 pm
definitely market order -- don't think you'd make enough more with a limit to be worth the anxiety
I use mkt orders too,
Posted by dbray740 on 14th of Apr 2009 at 11:11 pm
I use mkt orders too, but I only buy/sell at market when it's a highly liquid stock or ETF. (SRS, SSO, etc are great for this). But if it's lightly traded, then it's generally best to use a limit order. I once bought some shares of a lightly traded stock for about 11 cents, but they filled at around 17 cents. Why? Because nobody was available to sell to me at 11! A limit order would have saved me the trouble since it wouldn't have filled that high. But highly traded stocks and ETFs almost always get filled instantly for me when I buy/sell at market.
Always market... anytime after 3:45,
Posted by cal1 on 14th of Apr 2009 at 06:43 pm
Always market... anytime after 3:45, from an iphone today while picking up my kids from school.
i sell at 3:58pm, to
Posted by billrosen on 14th of Apr 2009 at 06:29 pm
i sell at 3:58pm, to give myself a minute or two to make sure I get filled and yes always at market for me, not sure what others do, but SRS is a wild one and you certainly might not get your limit price and then be stuck holding over night.
I mean the mechanical systems
Posted by brallen1 on 14th of Apr 2009 at 05:34 pm
I mean the mechanical systems eod exit..
when you really want to
Posted by Michael on 14th of Apr 2009 at 07:43 pm
when you really want to get in or out of the market, use a market order. At the end of the day, you want to get out, not haggle over price. Also, these symbols are all so liquid, it barely matters.