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MIT vs Limit Orders

  #10 (permalink)

Tampa florida usa
Trading Experience: Advanced
Platform: NT
Favorite Futures: CL
Posts: 62 since Jan 2017
Thanks: 5 given, 72 received

capitalistdog View Post
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!

Personally I prefer market orders. But do take into consideration that I am not a scalper so a not so great fill does not mean much to me if the overall trade goes my way.

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