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Depends. If you are holding quite a few stocks, say 20 or 30, you'll find that using limit orders takes some time, and you have to be more actively involved to modify orders and chase some around. Limit orders might not be cost effective depending on the size of your port. Limit orders don't necessarily execute at the same time so the market can move against you. You have to watch your cash balance more closely.

In my experience, most of our orders go to the market. Folio does not match that much internally.

Window trading can be hit and miss too. I try not to window trade more than 4-5% of daily volume, but have traded 10-15% a few times, and it went OK. Then other times, trading smaller volumes, it doesn't go that well.

More and more I just use multiple windows, Monday and Tuesday a.m. and p.m. windows to trade all my accounts. That reduces the liquidity problems nicely, but it is more work.

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