I have a question about when exit and entry orders get placed into the queue at a specific price.... In this example which order would be filled first at 1005?:
If the market is at 1000, and I have a buy market stop entry placed at 1005 (obviously meaning it will be filled when 1005 is hit). Now If I execute a buy at market order and enter long at 1000, with stop loss of 5 ticks and profit target of 5 ticks (which is now an OCO exit). My question is which order will be first in line, the entry or the exit at 1005?
I would think that my exit order should always be first in line, since the buy stop market entry should not be put into the queue until it's hit and the OCO exit order should have gotten in line once I bought at 1000- correct? or does an OCO order not get in line until the price is hit also? My concern is that on partial fill and then reverse market, I don't want my entry to get filled before my exit was filled. Thanks for your time..
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