A limit order is a peculiar kind of promise. You tell the market “I’ll trade with you but only at this price or better.” That sounds like control. But the market can decide when that promise becomes attractive. If new information arrives before your order executes, your price may suddenly become exactly where you don’t want to trade. This creates a subtle asymmetry. A market order gives up price control to gain execution certainty. A limit order gives up execution certainty to gain price control. Neither is simply “better.” They exchange one kind of certainty for another. That distinction explains something traders often experience Getting filled can itself be information. Your order didn’t merely participate in the market. The market chose to interact with you. And sometimes the reason you got the fill is precisely the reason you should have been more cautious. #MarketMicrostructure# #Trading# #Execution#