So, word on the street is that using market orders during news announcements is somewhere between a death-wish and an act of stupidity. I understand the negative aspect of using market orders, that sometimes you get a price that is definitely not desirable. It seems to me that this would only occur if you were much slower than just about every else trading in the same direction, which leaves you with no liquidity and a sick feeling in your stomach.
So I have very little experience in this business, and my opportunities to test my news trading are somewhat limited, as there are only so many trade-worthy news announcements in the day. So in the end, my question to the successful news traders out there is this:
Are there any of you that use market orders during news releases?
So I have very little experience in this business, and my opportunities to test my news trading are somewhat limited, as there are only so many trade-worthy news announcements in the day. So in the end, my question to the successful news traders out there is this:
Are there any of you that use market orders during news releases?