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DapperDude
DapperDude Jan 03, 17 1:04 PM

@snowangel If you placed a market order at the same time, you would buy at whatever price is available until all your shares are filled. If you ordered 1,000 shares you would get the first 500 at 1.02 and the rest at a higher price. If the next seller was 200 shares at 1.05 and then 300 shares at 1.15, you would buy those up as well. It's risky because unless there are a lot of shares available at the price you want, you may get in at a much higher level than anticipated. As more sell orders ge

DapperDude
DapperDude Jan 03, 17 1:04 PM

@snowangel As more sell orders get placed at $1 in the split second after you place your order, I can still get filled at @ $1.

snowangel
snowangel Jan 03, 17 1:54 PM

@DapperDude Thank you for your response. I guess it is what you are willing to pay for a share. If you want a fixed price you choose a limit order. If you are a little flexible to put in a Market order.

DapperDude
DapperDude Jan 03, 17 2:07 PM

@snowangel It's my pleasure. =) Well like I said above, you can place a limit order much higher than your desired entry and essentially have the same benefit of a market order without the risk of an order getting processed way too high. Trading is a game of managing risk, which cannot be done with open-ended orders. In my example you can place a limit order of 1.25 and still get processed almost immediately without the slight chance of getting filled at $2 or even more.

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roziebear

[TimAlerts] Why is $LPTN up? There's no current news. Are people pumping random healthcare companies? Is this a pump and dump?

roziebear

[TimAlerts] NVCN buyers reacting the the news that it's regained compliance. Dunno if that's enough to push it all the way back up though.

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