Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 1
1. Market orders will generally suffice for stocks that have a large volume of trades in small lots as long as the stock is not too volatile or subject to large price swings. Before you place a market order you should know what recent trade prices have been so you don't get a big surprise. A limit order should be considered if you have concerns about the specific price you pay or for a stock that varies in price a great deal, or large trades, or some circumstance that would give you concern if you use a market order.
2. It doesn't make much difference except I might have some concerns with a volatile stock order placed late in the day. Some strange things happen in the last 30 minutes of the trading day.
3. I have no opinion on your selection of stocks. The minimum lot size should generally be dependant upon keeping the transaction cost (commission) reasonable. Many use a guideline of the commission being a maximum of 1% of the transaction.

There is probably some better message boards on which this question could be placed. You might consider Ask a Foolish Question at or Investing Beginners at

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.