Why Market Order Works for Me

I do not really like to trade when a stock moving sideways and I keep telling my wife that I am a trend-following trader (what are you?). I will only buy a stock when there is higher probability that the uptrend is obvious.

You may argue that I may not buy at the bottom, and you are actually right. I do not usually buy at the bottom as I will wait until I am sure that likely bottom has formed (by using my indicators). So when I observe a start of a trend then I PROBABLY have better chance of making money. So I put a BUY order. MARKET ORDER.

So, get in the boat no matter what!

"Your market order is executed at the best price obtainable at the time the order is executed. In other words, with a market order the fact that the order will be filled is all but guaranteed (subject to the availability or liquidity of the stock), but the price at which it will be filled is not."

Sometimes (often) I got slippage. But that's okay as long as you follow the trend. But again, the trend could be a trap, and you end up going down, so remember your cut loss strategy.

So write comment below your preferred order. Market or Limit order?