“What is smart at one price is stupid at another."
Not all buy and sell orders are created equal, and not all serve the same purpose. We’ll break down what each does and how to use them in different scenarios. The first thing that must be understood is how orders work. An order must have a counterpart on the other side (sell order for any buy order and buy order for any sell order) in order to execute.
Market Buy Orders
The first we’ll cover are market orders. Market buy orders fill the next lowest limit sell order . . .
