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Limiting Market On Open slippage

Tags: stock
DATE POSTED:November 10, 2017
Instead of existing your stock positions with Market On Open, would it be preferrable to to have a limit order that's say 2% lower than yesterday's close (long position)?

Would that limit order take part in the opening auction? TD Ameritrade has no dedicated MOO or LOO order type, while Interactive Brokers has time-in-force of OPG (opening). I would like my limit order to stay active throughout the whole day, from 9:28am (including opening auction) to 4:00pm. What are the odds of getting...

Limiting Market On Open slippage
Tags: stock