Market-if-Touched Orders
Chapters in this video
- 0:00 Meet Trey the trader: buying the dip with an MIT
- 1:56 Fill guarantee vs. price guarantee when an MIT triggers
- 2:27 MIT and stop are siblings with opposite strategy
- 3:01 Buy MIT below the market: the step-by-step flow
- 3:28 Meet Fiona the farmer: sell MIT above the market
- 4:19 The exam's brutal trap: same placement, opposite intent
- 5:29 The direction matrix: stop, stop-limit, and MIT compared
- 6:04 Memory aid: stops run, MITs mirror
- 6:30 Rapid-fire exam recap
What this video covers
- How a market-if-touched (MIT) order rests until its trigger price is touched, then becomes a market order that guarantees a fill but not a price
- Why a buy MIT sits below the current market to buy the dip, while a sell MIT sits above to sell into a rally
- The mirror relationship between MITs and stops: same mechanic (becomes market order), opposite placement, opposite purpose
- How to distinguish a buy MIT below the market from a sell stop below the market when both share placement but have opposite intent
- What the direction matrix reveals about stop, stop-limit, and MIT placement, triggers, and guarantees in one compare-and-contrast view
- The memory aid that stops chase price the way you run (buy stop up, sell stop down) and MITs flip it (buy MIT down, sell MIT up)
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