sorry for my delayed response here capitalist, ive been on the computer a lot less these days. call it a lifestyle change
this debate is kind of like the old days when we had "pen pals" LOL
so anyway, the major difference we have at this point is in the way we classify the order types. as you pointed out, this can be viewed as a matter of preference. but i view this debate much like the debate that was once had about the periodic table of elements.
in the 1800's there were a crowd of scientists who were attempting to organize the worlds elements. there were several proposals... some wanted to organize by color, some wanted to organize by chemistry. there were hundreds of proposals on how to organize the elements, but there was no consensus.
then comes Dmitri Mendeleev. he didnt try to impose an arbitrary organization, as the other scientists did. instead he looked at the natural organization of the elements and tried to build a table around what he observed. he observed rather than imposed. what he came up with is the modern day periodic table, which is now ubiquitously accepted.
what is astonishing about the periodic table is that it actually PREDICTED elements that had not even been found yet! when he first proposed the table there were a few blank spaces where elements should be, and over time scientists found the elements that Mendeleev's table said would be found.
as i said a few times already, once you understand that market and limit are the main order types "everything else will fall into place". i can tell you what an order does without ever using it, because i know the proper structure of orders. the model you are proposing doesnt have these properties...i would argue it actually convolutes the situation. and the many factually incorrect statements youve made in this thread prove how easily you can get confused when looking at orders under your model.
so im willing to accept that we classify our orders differently, but i have to say that the way i propose to organize them is much more helpful to a trader. and btw, im not claiming this to be “my” model, this is the way that most brokers and every major regulating body views them.
this debate is kind of like the old days when we had "pen pals" LOLso anyway, the major difference we have at this point is in the way we classify the order types. as you pointed out, this can be viewed as a matter of preference. but i view this debate much like the debate that was once had about the periodic table of elements.
in the 1800's there were a crowd of scientists who were attempting to organize the worlds elements. there were several proposals... some wanted to organize by color, some wanted to organize by chemistry. there were hundreds of proposals on how to organize the elements, but there was no consensus.
then comes Dmitri Mendeleev. he didnt try to impose an arbitrary organization, as the other scientists did. instead he looked at the natural organization of the elements and tried to build a table around what he observed. he observed rather than imposed. what he came up with is the modern day periodic table, which is now ubiquitously accepted.
what is astonishing about the periodic table is that it actually PREDICTED elements that had not even been found yet! when he first proposed the table there were a few blank spaces where elements should be, and over time scientists found the elements that Mendeleev's table said would be found.
as i said a few times already, once you understand that market and limit are the main order types "everything else will fall into place". i can tell you what an order does without ever using it, because i know the proper structure of orders. the model you are proposing doesnt have these properties...i would argue it actually convolutes the situation. and the many factually incorrect statements youve made in this thread prove how easily you can get confused when looking at orders under your model.
so im willing to accept that we classify our orders differently, but i have to say that the way i propose to organize them is much more helpful to a trader. and btw, im not claiming this to be “my” model, this is the way that most brokers and every major regulating body views them.
Relax and be happy.
)