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Old 09-14-2011 | 08:12 AM
  #75584  
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tsquare
No longer cares
 
Joined: Mar 2008
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From: 767er Captain
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Originally Posted by Bucking Bar
Careful with those. If its a bad day and the sell order is triggered, who knows what the market price will be when your trade is executed. Stocks typically go down a lot faster than they go up.

As well informed as you are, you would better be able to handle that trade manually and get out prior to the dip. I bet market orders have cost me $50,000 over the years.
Why would one ever use a market order to begin with?