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Re: ed3/6me post# 42839

Monday, 12/30/2013 4:25:57 PM

Monday, December 30, 2013 4:25:57 PM

Post# of 143109
I know in all of my brokerages there is an option called a "Special Condition" or "Order Option" where you can select "Only fill blocks of at least 10,000 shares" etc. And you can change that number to anything you want to.

So for LKEN you could put in an order for 50,000 shares and have a special condition that says "minimum quantity 10,000" which means it wont fill you anything unless its at least 10k shares.

The plus side of this is that you wont ever get burned with 1 share bid whacks. the downside is if there are several sells throughout the day of say 5000 share blocks....you wont fill any of those.

here is what the order screen looks like in Schwab: http://clip2net.com/s/6uW6N3

In Think or Swim its called an "order condition" and in DAS Trader its called an "Advanced Order Option". I'm not sure where you would find it in Scot, but I'm sure it is there somewhere.