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Re: Goldrush2001 post# 376

Sunday, 09/24/2006 3:38:17 PM

Sunday, September 24, 2006 3:38:17 PM

Post# of 418
I prefer limit trades so assuming this is my norm....

I will use Market orders to exit a stock quickly on occasion or when the spread is large and an exact price may not get filled.

If market orders are allowed for buying then sometimes I will use a market order to get my position quickly on a breakout.

Sometimes you can end up chasing prices with limit orders and this is what I am trying to avoid when I use market.

Sometimes I simply want in/out RIGHT NOW regardless of price ... lol

BTW, placing a limit buy order above the ask can insure a quick fill at the ask when needed.

JIMO and FWIW
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