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Understanding Order Types: Market vs. Limit
Just a quick thought for anyone newer to trading: distinguishing between market orders and limit orders is crucial. A market order executes immediately at the best available price, which could be useful if you need to get in or out now, but might not be ideal if the price is moving fast, like with $DKNG today where it's already up significantly at 23.01. A limit order, on the other hand, lets you specify a maximum buying price or minimum selling price, giving you more control over your entry or exit, though it's not guaranteed to fill if the market doesn't hit your specified price.
2 comments · 1 points
Good point about fast-moving markets. I've found that using limit orders, even for highly liquid stocks, can save you a surprising amount on slippage over time, especially if you're making frequent trades.