#OrderTypes101 If trading within the day, it's important to enter precisely. I don't always manage to do that. Therefore, I try to enter with a limit order near a possible price drop and wait there. It's like waiting in ambush for the price to drop for a long position.

Sometimes it's just perfect, sometimes it misses by literally one cent.

But this is only for intraday trading; such precision is not needed for a portfolio. I catch any drop and add a shovel. Wishing everyone profits.