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Re: robertus post# 910

Tuesday, 11/01/2016 10:48:44 PM

Tuesday, November 01, 2016 10:48:44 PM

Post# of 1007
That is the total of the trades entered as "market on close". Funds sometimes use that type of order because they have to use the closing price of the day on their books. I've used it myself a few times for day trades: sometimes it's easier to fill a larger order for a reasonable price that way: the mm's don't try to run away from you and manipulate you like they do during the day when there is a large order.

I tried to put one in today, but missed the deadline by a few seconds. Glad I missed it, because I ended up selling at 4.06 and buying back below 4 before the closesmile


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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