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re: New to Scottrade.. and the "market" in general

Posted on 3/12/09 at 11:06 am to
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 3/12/09 at 11:06 am to
I usually use limits and just take the bid.
Posted by LSU0358
Member since Jan 2005
7920 posts
Posted on 3/12/09 at 12:30 pm to
quote:

I usually use limits and just take the bid.


This is usually the best for getting in your positions. Be very careful when setting stop limit orders to get out. In a volatile market you can end up in a very bad situation.
Posted by Tigertail
Detroit
Member since Jan 2004
256 posts
Posted on 3/13/09 at 9:49 am to
quote:

Market Order, Limit Order, Stop Order, Stop Limit Order, or Trailing Order


Can someone explain the above to me. I am looking to make a couple of transactions per month (mainly buy right now). What should I choose, and why? I am not to sure I completely understand what each means


thanks
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