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  • Types of orders

    What is a market order?

    A market order is an order that is filled at whatever price is available. Stock prices, for example, are always moving during market hours and if you place a market order you will buy or sell your stock at whatever the market allows at the particular moment. Market orders should be used when fill price is of no concern to the investor. If you are looking to pick up some shares for a long-term investment then market orders are just fine.

    What is a limit order?

    Limit order limits the price at which your order can be filled.

    Example of a limit order. You want to buy XYZ stock at $65/share and sell it around $67/share. You enter a BUY limit order for $65.15. Your broker won't purchase that stock for you at a higher price than $65.15.

    Limit orders are typically used by traders rather than investors because traders require a very close price fills so as not to give away too much profit on either the buy side or sell side.


    What is a reserve order?

    A reserve order is an order that only shows a small amount of your purchase or sell to the public. When you are trading/investing you can see other traders positions being filled as can they with your orders. Being able to see other people's orders can allow other traders and investors to "piggyback" on your trades. Once you become a "big dog" trader it becomes more important to hide your true position size.



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    "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."


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  • #2
    When exactly does a trader become a "big dog" trader?

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    • #3
      Originally posted by johnlewis View Post
      When exactly does a trader become a "big dog" trader?
      When you start purchasing "blocks" of stock i.e. 10K shares at a time.

      If you purchase 8 blocks of a stock you need to be using reserve orders but you'd probably know that by that point.
      Platinum Swing Trade Stock Alerts(FREE 14-Day Trial)

      The 10-Buck Broker (Long-Term Stock Picks)


      Best Stock Picking Services

      Sign up for the forum to reply to this post!!!


      Best FOREX Signals Software

      Stock Market Investing For Beginners


      "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."


      Terms Of Service

      Disclaimer: This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. You, the reader, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.

      Promoted content: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this website and may receive commissions from purchases you make on subsequent websites. Always exercise due diligence before purchasing any product or service. This website contains advertisements.
      Best stocks to buy now Stock Market
      Best stocks to buy now
      Dow Jones TodayDJIA

      Comment


      • #4
        80 thousand shares!!!! I can't even imagine doing a trade that big

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        • #5
          Originally posted by Wall Street Forum View Post

          When you start purchasing "blocks" of stock i.e. 10K shares at a time.

          If you purchase 8 blocks of a stock you need to be using reserve orders but you'd probably know that by that point.
          How many shares have you bought at one time?

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