are we trading on an exchange? or is this a high-priced OTC? chart indicators? number of trades?
If you're still asking simply about styling the order, a market order will get you out the quickest--but you prolly will hate the results, especially in penny-world (ie, OTCBB/pinks, etc)...
posted
Sorry.. Trading a $5-$10 stock NASDAQ on a discount provider such as SCOTTRADE, etc.
The question was mainly dealing with "I want out now! and maximize my profits as opposed to chasing the stock price downward." kinda question.
I was not sure if a LIMIT order would happen before a market order.. or if NOT doing a ALL-or-NONE would hasten my exit by a couple of seconds even though it might spread the exit over multiple price changes, etc.
posted
as posted earlier, AON puts you at the back of the line...
market order *is* quickest, but leaves you wide open for trashy, slutty fills... Personally, I would *never* use a market order unless I had timed a group-play wrong *and* had alotta dough involved...such that protecting capital became paramount.
These are good questions...shows you're thnking about the environment. Basically, think limit orders, esp in pennies.
edit: A Nazzer that gets hit by bad news may react like a penny in freefall... market order might be justified. Chances are, though, you won't get it entered in time.
What you want to focus on are limit orders and stop-limit orders, imo...
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