Emini Futures Trading Room

Futures Market Order

By Chris on 2013-08-26 in Emini Room Definitions (0) Comments

Most of my entires are market type orders. This has some drawbacks in certain situations. This includes situations of slippage where price desired is skipped and a tick(or a few ticks) of risk is added to the trade. I use this style on both entry and exit orders as I arrange orders within a trade.

A stop order is the signal to get out and is triggered once the market reaches that level. In the case of an exit I always lock in profits with my stop market order. In a scenario where I'm trying to enter the market I tend to take the route of placing an order below the previous bar waiting for the market to show its cards.

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