Thread: limit orders
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Old 11-30-2001, 03:04 PM
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Default Adverse Selection



A limit order gives the market maker the option to screw you. It's like giving an open order in the morning for Bal -6 when it is at -6.5 or -7. You probably won't get filled, and will typically get it only after the line drops to -4.5. I recommend you submit only marketable limit orders that split the bid-ask spread and have a good chance of timely execution.
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