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Title: Enter & Exit via the Sell Side Post by: Jetheat on May 08, 2017, 08:57:40 PM I hear traders saying, "I enter or exit via the Sell Side".
What do they mean? JH Title: Re: Enter & Exit via the Sell Side Post by: pipoman on May 08, 2017, 09:40:29 PM I have not heard this saying, but it makes sense to me in this way: a trader can enter a trade by placing a limit buy order below the current price, this will be filled when selling is going on. This makes sense because you will incur the maker fee, which is less than the taker fee (incurred when you place a market order).
Exit via the sell side: if you are long on a position, do not market close the order, set a sell order to close your position for the size of your current position that you want to close. Again in this case you will not incur the high taker fee, but the lower maker fee, thus increasing your profits (as long as it was a profitable move, of course). I hope this helps ;) its my first post here. Title: Re: Enter & Exit via the Sell Side Post by: Jetheat on May 08, 2017, 09:44:41 PM Thanks, but I think he was talking about some other meaning.
He says he always prefers to enter and exit via the sell side. Could that mean that he prefers to take the market order to enter? Or could there be another meaning which would make entering and exiting via the sell side better? JH |