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es1

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Alias Born 07/13/2009

es1

Re: igotthemojo post# 36964

Monday, 01/16/2012 9:57:00 PM

Monday, January 16, 2012 9:57:00 PM

Post# of 278626
What I mean is having a MM set up like this...

5000 .08
5000 .081
25000 .0825
5000 .xx

Put in an order at the ask of .08 for 30000 shares

What you don't see is someone has an order for 20k in front of me Since the MM is only ever showing 5k

the people selling have 10k 3450 2270 4300 shares for sale at .08 and the next set of shares the ask is .081
The guy in front of me gets his 20k shares and they give me 20 that are left at .08.
The ask goes to .081 and starts getting hit ask increases and runs for a week.
If I did not have a GTC order set and did not have an AON either I am screwed.
I could leave my order in if it was a GTC until the run is over and the PPS drops back but my money is locked up and that is not the best time to buy.
So cancle the order.
Your broker charges you the price of a trade...9.99 for 20 shares
Try to change the order and get it filled at .082 and the order you had gets cancled and you get charged 2 times. Either way it is either leave your money locked up or pay.

That is why all my orders are AoN
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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