odanny
Diamond Member
Any traders here like doing limit orders? Do you have rules when to place them, or do you just trust your gut when is the best time to make them?
Curious.
Curious.
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Any traders here like doing limit orders? Do you have rules when to place them, or do you just trust your gut when is the best time to make them?
Curious.
I usually use the limit order on the sale of assets .. otherwise, I will do a market order to secure the investment at the current price.Any traders here like doing limit orders? Do you have rules when to place them, or do you just trust your gut when is the best time to make them?
Curious.
/——/ For decades I placed a market order, but several pro traders warned me that I could get stuck with a higher buy order or lower sell order if mine gets matched to a mistake.Any traders here like doing limit orders? Do you have rules when to place them, or do you just trust your gut when is the best time to make them?
Curious.
Years ago when I was an active trader, I used limit order only on OTC stocks with a thin float where one large order could send the price up or down so far that the trade doesn't make sense. On heavily traded stocks today, I would use a market order because my decision to trade would be based on where the stock price is at this moment in time and what is happening in the market.Any traders here like doing limit orders? Do you have rules when to place them, or do you just trust your gut when is the best time to make them?
Curious.
Years ago when I was an active trader, I used limit order only on OTC stocks with a thin float where one large order could send the price up or down so far that the trade doesn't make sense. On heavily traded stocks today, I would use a market order because my decision to trade would be based on where the stock price is at this moment in time and what is happening in the market.
Why?Such gimmicks should be illegal; at the very least the results should be taxed at 50% or more if any savings or gains were realized, on each such transaction.
It's just gambling, and produces nothing of value.
So don't do it, whiney.
So pay taxes on useless crap, whiney.
I pay taxes on capital gains.
Not nearly enough, and it's not 'capital gains', it's gambling, just wagers. You add nothing to the production and use of the commodities, you're just another parasite adding to the costs for no benefit or adding any real value to production of goods. A minimum tax of 50% to 75% would be more than fair on the amount of the wager.
My "gambling" allowed me to retire at 56.Not nearly enough, and it's not 'capital gains', it's gambling, just wagers. You add nothing to the production and use of the commodities, you're just another parasite adding to the costs for no benefit or adding any real value to production of goods. A minimum tax of 50% to 75% would be more than fair on the amount of the wager.
My "gambling" allowed me to retire at 56.
You're dismissed.
/——/ My gambling grosses me about $4,000 a week. Love my covered calls.Not nearly enough, and it's not 'capital gains', it's gambling, just wagers. You add nothing to the production and use of the commodities, you're just another parasite adding to the costs for no benefit or adding any real value to production of goods. A minimum tax of 50% to 75% would be more than fair on the amount of the wager.
How is my stock profit "adding to the costs for no benefit or adding any real value to production of goods"?
Be specific.