Leaderboard

I always wondered why 'playing' with an order as you call it helps when you execute at IB. I had cases where the order sat there for a minute without a fill and then I LOWER my bid by a couple of cents or so and instantly get a fill. So something must happen when you change or resubmit an order but not sure what exactly

You are right, it's a lot of considerations. Usually I have my entry target price, which in most cases I specify in the discussion topic. Then I might place limit orders on several strikes and wait. Sometimes "playing" with the order helps - meaning cancelling the order and resubmitting it, changing 1-2 cents back and forward etc. Scaling in and out of positions helps as well. Getting good fills is a process. It takes time to master, and nothing substitutes experience. I wasn't born with it, it took years of experience and hard work. Some instruments are more difficult to trade than others, and when liquidity and fills are an issue, I don't trade it.