Level 3 of 6

Order Filler: Placing a Trade

13 lessons. 0 of 13 published so far; the rest are being written.

1. 1Bid, ask, and spreadOutline

   Who's on the other side and why there are two prices

2. 2Market ordersOutline

   Fast fills, no price guarantee

3. 3Limit ordersOutline

   Price control, no fill guarantee

4. 4Stop ordersOutline

   Stop market vs. stop limit, and when each triggers

5. 5The order bookOutline

   DOM, resting orders, and how fills happen

6. 6Fills and slippageOutline

   Partial fills and why you don't always get your price

7. 7Brackets and OCOOutline

   Attaching a stop and target to every entry

8. 8Moving and trailing stopsOutline

   Adjusting risk once a trade is working

9. 9Order durationOutline

   Day orders vs. good-till-canceled

10. 10Brokers and platformsOutline

    What a futures broker does; platform vs. data feed

11. 11Commissions and feesOutline

    Exchange fees, per side vs. round turn, why they add up

12. 12Your first sim tradeOutline

    Placing, managing, and closing a trade on a simulator

13. 13Common order mistakesOutline

    Wrong month, wrong size, doubled positions, flattening fast