Hitting

Hitting refers to executing a trade by accepting an existing bid price in the market. It is an aggressive trading action that prioritizes immediate execution over price improvement. In electronic markets, hitting a bid results in an instant transaction.

Traders hit bids when they want to quickly exit positions, manage risk, or capitalize on fleeting market opportunities. For example, a trader anticipating a price drop may hit bids aggressively to sell before liquidity disappears. While effective, this approach can move prices, especially in thin markets.

Hitting contrasts with passive trading strategies, such as placing limit orders and waiting for execution. The choice between hitting and waiting reflects a trade-off between execution certainty and price. Skilled traders balance both approaches depending on market conditions and objectives.

25. HOGOs

HOGOs is market slang meaning “Hit Or Get Out,” describing an aggressive