Heg, in fast markets you're flying blind. You have to rely on your charts more, ie that your stochastic and trend boundaries (supports and resistance areas) will hold. You put in an order expecting the market to run into your buy or sell, once confirmed or even before if you want, you put in your sell order expecting a realistic counter move.
When in this environment, and it dosen't happen as frequently now as it used to because of improved trading and response systems, you are essentially swinging for high probability, small moves, during an active session... one which is moving so fast that often when you see the price you want its gone, so you put in an order before it gets there and cross your fingers for luck. Its risky and meant for small money, frequent plays... because you may never see that money again if your estimated boundaries are exceeded.
The psychology is different because you might for example buy a put at 3 with an order to sell it, if bought, at 3.4. You don't go for big money or complain if the option races to 8.. Because if it got to 8, it was probably only there for a second and you'd be chasing it with sell orders back down to 2!
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