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MIT vs Limit Orders

  #5 (permalink)

Minneapolis
 
Trading Experience: Intermediate
Platform: TOS, NinjaTrader
Favorite Futures: Emini ES
 
Posts: 24 since Jan 2017
Thanks: 29 given, 18 received


Traderjohnsblog View Post
I share your frustration with limit orders. But I know some traders swear by them. I have used both market and MIT orders and I have noticed very little difference between them.

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Do you personally prefer market to limit orders? I know that many traders have very strong opinions on whether to enter with market or limit orders. I have always assumed that it depends on their own personal experiences and the type of pain they prefer.

I find it interesting that you have noticed little difference between market and MIT orders. I would have thought that the execution of the MIT orders would be much faster, and may also help reduce errors caused by over or under reacting to changes in market pace near the order target. However, that may be more of a lack of skill on my part rather than a real deficiency with market orders.

Thanks for the response, Traderjohn. Greatly appreciated!

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