prefer Limit close to the current px

Now I feel limit order placed outside trading hours is better than night-time active trading. Save time and energy. Position a few fishing poles and check the status once a while. I would lean towards low limit-buy price

  • If limit price is too near the last price, you may get filled before a correction. I feel this is more regrettable.
  • If limit price is too much below the last price, you may waste your time on the research, but this is a small risk. You can always resubmit.

As explained in my jobjob blogpost on marketable limit order, limit price is an insurance protection.

— In NY offices, when colleagues are around, avoid trading during office hours

If you make a decision after work, submit GTC limit orders.

Even without colleagues, I still prefer order entry outside market hours. I can take my time to adjust my limit price. No stress.