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99% of all orders of a professional trader should be LMT (versus MKT.) There
are reasons to use MKT orders, but all the ones that come to mind are in
"advanced" strategies.
Ivan
----- Original Message -----
From: "Ian McVicar" <icm63@xxxxxxxxxxx>
To: "OmegaList" <omega-list@xxxxxxxxxx>; "QCharts" <qcharts@xxxxxxxxxxxxxxx>
Sent: Monday, March 18, 2002 11:48 PM
Subject: Interactive Brokers Stock MKT or LMT orders ????
> Sorry if topic is off user group subject matter.
>
> But...
>
> I am just about commence trading stocks on NYSE and NAS with IB. There
> execution is 2 sec or so.
>
> If you are an equity trader what order type do you advise with IB, MKT or
LMT,
> any advice would be great ?
>
> Thx in advance.
>
> Ian
>
>
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