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I always thought of it that someway it seems that nothing is 'free' and something always comes with some cost, somewhere. Enter with lmt orders is better price, but sometimes left in the dust, and over a large numbers of trades, it can be that it won't matter much how you enter. Likewise widen stop = greater cost, but less losers/some losers become 'winners' etc etc.
In the end it is all some optimalization, and you will never have had the best parameters. Personally it seems to me that 'optimal' is something you can chase but will never reach; it is more like there is a good 'area' where one can do business or close out business. ( all imho offcourse).
One of my worst enemies are my own false assumptions
Can you help answer these questions from other members on NexusFi?
I'd like a way to place a limit order on the dom simultaneously at price 1 and price 2 (both next to each other) similar to an oco ensuring the cancellation of the other order so I can only get slipped a maximum of just one tick but giving a little more probability of catching price when it's moving faster than I can grab it. I'm not sure if this is a volatility order but it sounds like it.
In fast moving markets I usually buy bid going long or sell ask going short trying to catch price as it gyrates back a tick giving me a better price.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
I am not a stock trader, therefore I would appreciate if somebody explained to me the differences between the following order types.
It is my understanding that all these order types will allow to collect rebates, as they will either hide or be rejected if they would cross with a book order on the other side.
NYSE-ARCA: Post No Preference Blind (PNPB)
"The PNPB order is an undisplayed limit order priced at or through the Protected Best Bid and Offer (PBBO), with a tradable price set at the contra side of the PBBO."
and further
"Marketable contra orders will execute first against PNP B order, then the rest of the book."
This is an equity type order tied to the National Best Bid Offer (NBBO) when you try be be aggressive while attaching his order to the best bid and offer. For most, limit orders would work best, IMHO.
Matt Z
Optimus Futures
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