Use Limit Orders Only!
When things are as crazy as they’re now, be sure not to send in market orders.
Bid/ask spreads are wild, and change by the second 2-5%, it’s like a roll of dice.
When things are as crazy as they’re now, be sure not to send in market orders.
Bid/ask spreads are wild, and change by the second 2-5%, it’s like a roll of dice.
Excuse me, but are you not using pending orders for your trades(with SL and TP levels)?
“Pending orders”? What’s that?
And SL and TP – what are these?
Phantasmix, what is your trading platform?
“SL” means stop loss, and “TP” means take profit, these are any trade order’s options.
http://www.investopedia.com/terms/s/stop-lossorder.asp
I know what both of these are but have never seen anyone abbreviate them like that 🙂
This month I’m using QuestraderWEB.
And I don’t “set and forget” the sell orders. I usually have targets in mind, but sometimes they aren’t reached by just a few pennies, so I generally prefer to watch the action and then sell at a price that I’m OK with.
Oh my twist of the tongue!
But it was deep and wicked blow 🙂
Hi again 🙂
Btw, I don’t know what ‘pipsing’ is either! (sounds dirty) I searched it on the internet, and there’s not much. I see that some people use it in Forex but it wasn’t clear what it means.
I think it means “scalping” but not sure. Confirm?
yes, of course it’s scalping, exactly, but bad scalping… like bad loans 🙂
and the “bad” will mean dangerous…
With the state of SKF in limbo, I don’t really plan to do anymore of the “dangerous scalping”. Just regular scalping 🙂
Do you trade stocks at all, or just options?
At this period of turmoils, i trade options only, the options on indexes.
“Sell in May and go away”, you know 🙂
Yeah, but come back in September.
In October, for the best accuracy 🙂
If this was a normal market, I’d be trying out that strategy (buy in fall, sell in early spring for maximum return), but I don’t want to have much money in the market for months.