Quote:
Originally Posted by WSSix
I like the Limit Order idea. Considering how I like to by stuff at a discount, I see it as a good way to simply name your price. I can see myself eventually using this method.
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You can outsmart yourself using limit orders as well -- by missing a lower price by a penny or two and then seeing the market jump a buck... So they're a mixed blessing. You can stand there and watch the train pull out of the station so to speak.
So I'm watching the market -- gauging a feel for where it's headed -- and staying on top of the order fill (or not) and I'm willing to go in and change the order if needed. I've also been known to cancel an order mid-stream as well.