My only gripe with the swap function is that it seems to use market orders in the background, and I hate market orders. I would much rather use two separate marketable limit orders in short succession and do my best to not die in the interim.Thanks for suggesting margin accounts & "swap" function.
For anyone who's interested in the swap function, IB has a brief youtube video introducing it https://www.interactivebrokers.com/camp ... rader-swap . Would think the swap function's usefulness extends beyond the use-case discussed in this thread. Seems like a helpful function or order type to keep in mind.
Why are market orders a bad idea (especially with ETFs)? Well here is one example of why. I also got personally ripped off by 15% in March 2020 when I placed a market order in the midst of a market halt I was not aware of. When the market resumed, my order somehow filled 15% away from the actual market price (in my disfavor of course).
Statistics: Posted by daviddem — Mon Oct 21, 2024 12:06 am — Replies 19 — Views 4615