online trading for dummies - what is a fill/no fill? learn more online trading for dummies at http://daytradervideo.comlet's face it, trading can be complicated. there is so much to learn. you've got technicaltrading, techincal jargon, indicators, setups and so much more. then there's a ton of differentsecurities that you can actually learn to trade. with all this information out thereit's no wonder that complete beginners can often be lost in the learning process.that's the primary reason that i've started this particular series for beginners. so,do not be offended at the title of this video. i wanted to teach those that are confused.i'm going to explain everything in the most simple and easy to understand terms possible.i call this series online trading for dummies.
so, we begin this series with the definitionof a fill. a fill in trading simply means getting all of your contracts or stock sharesfilled at the price that you wanted to buy or sell them at. just because we place anorder at a price does not necessarily mean that we will enter the market at that price.in order to do so we first have to get a fill. for example say we'd like to enter the esat 1500.00 and we decide we want to try and get a fill at that price. we have an order there and when price or the markethits that price we aren't guaranteed a fill. it's like we're in line with thousands ofothers trying to get a fill. it sort of works on first come first served basis.now that you know what getting a fill means it's time to learn more about no fills. thesecan single handedly be one of the most infuriating
and annoying things about day trading. infact there are a few people that literally wind up chasing price when they cannot geta fill. this is really bad to do. never chase price when you don't get a fill. you needto stick to your plan 100% of the time. realize that no fills are part of the game.you have to just wait for the next trade opportunity and never chase. the true professionals canjust shake it off and continue trading without allowing this to bother them. this is thestate that you eventually want to reach. i hope this online trading for dummies serieswas helpful to you.
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