AI
Thursday, July 27, 2017 8:38:53 AM
Trading Tip 101.
In Schwab:
-- Can put min qty to fill.
-- In "Enter Order"
-- Hit "Optional" (just below Symbol).
-- Check "Minimum Quantity"
-- Enter number of shares (good on first fill only).
-- Then may get partials, but avoids being screwed.
-- Nothing greater than 99,900 (I think).
On most all others sites:
-- AON, "All or none".
-- May get passed over on small fills however.
-- Best so limit lot size unless millions moving.
As well as:
-- FOK, "Fill or kill"
-- On next trade alone, (for anyone), it will fill or kill (cancel).
-- Used in special circumstances.
Lastly, seller (The ASK), may not see Min Qty, AON or FOK, but buyer will avoid being "Commissioned" and baited by seller to bid-up to fill.
We've all been there.
GLLs.
In Schwab:
-- Can put min qty to fill.
-- In "Enter Order"
-- Hit "Optional" (just below Symbol).
-- Check "Minimum Quantity"
-- Enter number of shares (good on first fill only).
-- Then may get partials, but avoids being screwed.
-- Nothing greater than 99,900 (I think).
On most all others sites:
-- AON, "All or none".
-- May get passed over on small fills however.
-- Best so limit lot size unless millions moving.
As well as:
-- FOK, "Fill or kill"
-- On next trade alone, (for anyone), it will fill or kill (cancel).
-- Used in special circumstances.
Lastly, seller (The ASK), may not see Min Qty, AON or FOK, but buyer will avoid being "Commissioned" and baited by seller to bid-up to fill.
We've all been there.
GLLs.
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