When a limit order misses a trade that a market order enters, the main lesson is understanding the classic trade-off between price certainty and execution certainty. A limit order guarantees your price (or better) but risks non-execution if the market reverses before reaching it. A market order guarantees execution immediately at the current available price, risking slippage.
In prop firm trading, missing a move with a limit order can cause frustration and lead to emotional chasing (FOMO), which threatens strict daily loss limits and consistency rules. Conversely, chasing with market orders during high volatility can result in bad fills.
Next time, evaluate whether your edge relies more on precise entry pricing or catching momentum. What order type do you lean on during volatile sessions?