General futures question

January 4th, 2017, 10:14 PM

If you set a limit order to sell at 2000 and price tick thru to 2000.25, do you technically get filled before all those who had limit orders at 2000.25? If all this happens instantaneously, and you're willing to be filled at a price 1 tick better?

January 4th, 2017, 11:43 PM

kentonpalmer7

If you set a limit order to sell at 2000 and price tick thru to 2000.25, do you technically get filled before all those who had limit orders at 2000.25? If all this happens instantaneously, and you're willing to be filled at a price 1 tick better?

Yes, you will get filled at 2000, before anyone [potentially] gets filled at 2000.25.

January 4th, 2017, 11:44 PM

Interesting, so then is it almost guaranteed you'll be filled if price goes one tick about your limit ?

Sent from my iPhone using futures.io

January 5th, 2017, 07:44 PM

Price moving above your limit means there were no more sellers left at the limit price and that point in time. Demand exceeds supply so price rises.

Sent from my iPad using futures.io

January 5th, 2017, 10:27 PM

Awesome that's what I figured

Sent from my iPhone using futures.io

January 6th, 2017, 06:17 AM

Hi there @matthew28

Above you posted what I thought was a good answer.

It was deleted before I had the chance to thank it - may I ask how come you decided to delete it?

Thanks

General futures question

Discussion in Traders Hideout

General futures question