My First TradingMarkets.com Article: Limit vs. Market Orders

Posted by timothysykes on Mon 9th of Jun, 2008 12:32:24 PM

Lots and lots of people have asked me about limit vs. market orders so I finally got around to writing a detailed post on the subject. Since this topic extends far beyond that of PennyStocking in importance, I decided to publish it on TradingMarkets.com…which is an overwhelmingly solid trading information resource…they liked it enough to put it as their top article with my pic all day Sunday (thanks guys, I’m honored!)…and you can view it HERE!

Hope this helps you newbies out there, market orders are evilllllllllll…more evilllllll than SEC bin Laden…well, actually it’s a toss up.

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52 Responses

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  1. 51

    TIM how do u abuse buying power??? and do they suspend ur account if u trade more than 3 day in a rolling 5 day period…. what will happen?

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  1. TIM June Monthly Review: It’s Satisfying To Earn 14% When Most Others Lose | TIM - Timothy Sykes

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Date Stock Buy Sell Net
Jan 5 CWST $3.72 $4.01 $1073
Dec 26 CPY $3.33 $3.31 $70
Dec 22 HSNI $5.32 $5.39 $120
Dec 18 RVI $3.07 $2.90 $737
Dec 17 TKTM $6.23 $6.08 $333
Dec 16 CPD $5.15 $5.31 $444

Total: $43,638 (252%)

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Date Stock Position Ideal Exit % Gain
Jan 5 CWST Short $3.55 11%
Dec 26 CPY Short $3.05 8%
Dec 22 HSNI Short $5.25 3%
Dec 18 RVI Short $2.70 3%
Dec 17 TKTM Short $5.90 3%
Dec 16 CPD Short $5.10 4%
Dec 11 CPY Short $3.40 31%

November: 9 alerts, 15% avg gain

October: 11 alerts, 14% avg gain