GREY:ISYRF - Post by User
Comment by
morningstar4on Jan 29, 2016 11:11am
105 Views
Post# 24505545
RE:RE:MOC Trade
RE:RE:MOC Trade
Avoid MOC (market on close) orders. All too often such orders are also a "license to steal" since they can be filled at almost any price during the last minute of trading. An MOC order in thin markets is a certain invitation to trouble. Avoid MOC orders unless absolutely necessary. They are not recommended. Many traders jokingly refer to MOC as "murder on close" orders since fills are often so poor. You may be better off simply placing a market order a few minutes prior to the end of the trading session.