[rsync]

There is a (false) assumption among laypeople that limit orders "no longer work".

This (false) assumption is propagated regularly by articles and books wherein the same pattern repeats itself:

1. limit orders are defined

2. "... but on that morning Joe Trader was shocked to see that his limit orders weren't working!!"

3. description of Joe Trader NOT using limit orders ... or using them and canceling them and chasing prices ... or whatever.

I've seen this pattern in a lot of media since the Lewis book. In reality, limit orders haven't changed and you can set a limit and go to sleep / go on vacation, just like you always could.