Do not buy/sell stock using market orders. Set the price you
are willing to buy/sell every stock as placing a market order is not a
guarantee of price as the stock market can move very fast. No need to crap shoot a
price when you can easily dictate terms….using limit orders over market orders can easily be the difference
between being a thousandaire and a millionaire.
“A market order, which is telling your broker to buy or sell
a stock without naming a price, can cost you, too. Because you’re basically
telling your broker to fill your order at any price. As Cramer pointed out, you
wouldn’t do this at a supermarket – I’ll buy this lettuce at any price? — so
don’t do it with stocks. In fact, markets orders are how people ended up selling
Procter & Gamble for $38, when it was worth much more, during the “flash
crash” on May 6, 2010, when the Dow plunged nearly 1,000 points in a matter of
minutes.” --- Jim Cramer --- ( http://www.cnbc.com/id/42673538# )
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