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How do YOU enter a trade

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How do YOU enter a trade

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  #41 (permalink)
Nashville, Tennessee
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
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ekim View Post
Entries variable, but always market for stops. This works because I trade liquid instruments, it wouldn't work well on light volume stocks/futures.

The bit of potential slippage on the stop is worth it, since everyone will get hit with black swans in their life, and a stop limit order could quite possibly kill your account depending on the size you have on.

Yes.... when I refer to stop limit orders , these are for entry only ...certainly market for the stops that exit a trade.

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  #42 (permalink)
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Interesting topic!

Stop market orders here or I will just hit buy/sell @ the market to enter the trade.

For myself, the bottom line is to get into the trade......I don't want to get a partial fill and be "half in" in an attempt to grab a few ticks at a better price. On some swings, there might not be a second chance to get in.

I find that traders with conviction behind their setups tend to use market orders, but this also depends on the type of trading and market.

As someone else mentioned already, I will use limit orders a small percentage of the time (when trying to reach on a fill price) on exits...but this is bracketed with a market order that will trigger if the limit is not filled or a partial fill.

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