Limit Order Execution

[ogik 10]

Hello,

 

I had a questing regarding limit orders being executed on fast moving stocks such as "morning gappers" that pop really fast once the market opens.

 

I sometimes don't get filled unless I place a limit order +20c above the ask and sometimes more...For anyone that scalps morning gappers, what would be your strategy on placing limit orders that would get executed more often?

 

I love to use hot keys also, so just wondering how other people use limit orders when entering and exiting fast moving stocks?

 

For example I like to place a limit order on the ask +5c intra day. For morning gappers I usually place +20c on the ask (due to slippage).

 

Thoughts?

 

Thanks

[divyanshisharma 2]

Limit Orders. A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a selllimit order can only be executed at the limit price or higher. A limit order is not guaranteed to execute.