Two Blokes Trading - Learn To Trade Online

In this episode the Blokes discuss the pros & cons of limit orders.  Jonathan and Rory both discuss how & when they use limit orders in different situations.Both Jonathan and Rory highlight that the advantages usually heavily outweigh the disadvantages. It allows you to target a specific target price & have that order waiting to execute even while away from the computer, meaning you will never miss an entry. Most part-time retail traders can’t sit in front of a screen 24/7, so by placing limit orders it allows traders to semi automate the process.  Rory explains that the only slight disadvantage is in highly volatile markets where the trade can be executed and hit a stop loss in a matter of seconds however, chances of that are very slim out of the covid cycle.Jonathan explains using limit orders correctly can allow you to find optimal entry levels rather than executing a trade at the wrong time. Also limit orders can be highly beneficial when price is trading within a range. For example,