Find your range

A tape reader needs to learn when to execute with market or limit orders. As for market orders, I have more luck with market orders off or near the open. The markets become more efficient as the day progresses though and it is more important to switch to limit orders and to find your range.

As for current conditions, the market will tend to move to lower volume areas when there is greater uncertainty. You have to find your range to pick off these areas with limit orders. Bear markets can trade in a different ways and can be more difficult to trade with limited risk. It is important to keep advised of volatility changes because bigger ranges can throw traders off.

 

 

Friday, July 07, 2017 12:14:00 AM

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