cautious for market order

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darkstar

Guest
#1
what is limit, triger price , stoploss how i use effectively for buying or sell market order is spending little high . what caution i do for place market order.
please guide me in detail.

THANKS FRIEND .
 
#2
Limit: exact buy/sell order say buy 10 [email protected], only if the price reaches 100.50 you'll be able to buy at 100.50, else you won't have the order executed.
stoploss: a sell or buy order when a certain criteria (trigger price = market price) is met, then this order will be executed as limit order as specified. (search stoploss order for more info here at traderji.com)

trigger: When market price is equal to trigger price, then only stoploss will be will be used as limit order. One has to specify both limit price and trigger price in the stoploss order.

market order: market order is a guaranteed execution of your order but at a small or huge loss. try not to use this ever. market order is a loss making order. you'll be getting things at very high price or selling your stuff at a very lower price. so, simply, avoid this!!! Do you know all broker's dealers will ask you whether you want to sell your shares at market price... Would you like to sell your shares at market price??? :)
 
D

darkstar

Guest
#3
Limit: exact buy/sell order say buy 10 [email protected], only if the price reaches 100.50 you'll be able to buy at 100.50, else you won't have the order executed.
stoploss: a sell or buy order when a certain criteria (trigger price = market price) is met, then this order will be executed as limit order as specified. (search stoploss order for more info here at traderji.com)

trigger: When market price is equal to trigger price, then only stoploss will be will be used as limit order. One has to specify both limit price and trigger price in the stoploss order.

market order: market order is a guaranteed execution of your order but at a small or huge loss. try not to use this ever. market order is a loss making order. you'll be getting things at very high price or selling your stuff at a very lower price. so, simply, avoid this!!! Do you know all broker's dealers will ask you whether you want to sell your shares at market price... Would you like to sell your shares at market price??? :)
thanks for simplyfying me pls tell me where i got more detail in stop loss from this forum pls provide me link.
i will be oblized . thanks again
 
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darkstar

Guest
#4
thanks for simplyfying me pls tell me where i got more detail on stop loss,triger price from this forum pls provide me link.
i will be oblized . thanks again
 

columbus

Well-Known Member
#5
Limit: exact buy/sell order say buy 10 [email protected], only if the price reaches 100.50 you'll be able to buy at 100.50, else you won't have the order executed.
stoploss: a sell or buy order when a certain criteria (trigger price = market price) is met, then this order will be executed as limit order as specified. (search stoploss order for more info here at traderji.com)

trigger: When market price is equal to trigger price, then only stoploss will be will be used as limit order. One has to specify both limit price and trigger price in the stoploss order.

market order: market order is a guaranteed execution of your order but at a small or huge loss. try not to use this ever. market order is a loss making order. you'll be getting things at very high price or selling your stuff at a very lower price. so, simply, avoid this!!! Do you know all broker's dealers will ask you whether you want to sell your shares at market price... Would you like to sell your shares at market price??? :)
Earlier 99% of times I used to put limit orders ,now I will make it 100%.
 

AW10

Well-Known Member
#6
Columbus, I think, you should still keep it to 99% limit orders and 1% market order for stoploss orders that u use.
In my trading, I still go ahead with market price for stoploss orders.
I don't want to give my limit price to cut my loss, and just for some reason, if that limit price is not hit, then I might end up with big loosing position.. and pending limit order laughing at me.

To enter a position, limit orders are the way to go (100% of the time).. but to exit, better to accept whatever market is wiling to give.

Happy Trading.
 

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