Hello Traders,Here is an example of looking to go long in Gold, but by placing a buy stop order above the market, you can save yourself some grief on occasion.
Market orders are ok in certain instances, but I would challenge you to consider other forms of placing an entry. By placing a buy order at 934.1 this morning, the market never reached this point allowing you to cancel the open order and conserve your account on a market that wasn't operating the way you would like it to behave.
Food for thought ...
Good Trades,
David AKA Tiger
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