Timeline for Why don't traders place limit orders at all prices to be first in line when the price moves?
Current License: CC BY-SA 4.0
5 events
| when toggle format | what | by | license | comment | |
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| May 11, 2021 at 22:28 | comment | added | Michael | @DrSheldon May depend on the broker and the market. I'm unfamiliar with stocks, but there's high liquidity and tight spreads, so perhaps any difference is presumed to be neglible. Guessing. I work for an IDB, mainly credit and rates, and it's much less liquid. It happens fairly often for us that a client will get a better price, and when they do we're not pocketing the difference | |
| May 11, 2021 at 21:56 | comment | added | DrSheldon | In practice, is it really ever "better"? Every limit order I have placed has gone through at the limit I specified -- even when the market price has gone "better" -- and my broker happily pockets the difference. | |
| May 10, 2021 at 18:23 | comment | added | Bob Baerker | Flux's premise is applicable to scaling in or out of a position (long or short) at various prices at various prices. I suspect that his premise was not to flood the market with orders at every conceivable price point just to be first in line. However, he will have to provide verification of that. | |
| May 10, 2021 at 17:00 | comment | added | Grade 'Eh' Bacon | Good answer that may get at the root of the question at hand. | |
| May 10, 2021 at 16:29 | history | answered | Michael | CC BY-SA 4.0 |