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exwannabe

01/18/24 8:09 PM

#665331 RE: skitahoe #665329

Most of the time, I've found that Fidelity actually fills most orders below my offering price, but only by tenths or hundredths of a cent.


Because often you are not seeing the real best ask. And if your bid is above that then by market rules it trades at the existing ask, visible or not. (technically it trades as a market buy up to the point of your bid). These "stupid" prices come from players who have the ability to use the 6 digits to get ahead of others.

If I want to trade w/o worrying about a fraction of a cent I will often put in a bid a bit over market.. It trades immediately at the best ask.

This works well for stocks with some volume, but for low volume stocks with large bid/ask spreads it can be expensive. In those you have to just sit a bit over the best bid and wait/hope to buy.

mike00h

01/18/24 9:12 PM

#665347 RE: skitahoe #665329

Don't leave out the time value of money. I started investing in 2019, Some claim to have been invested since 2012. Another term is 'parked' or 'dead' money. In other words, I gave up having it in Apple or Google or something likely to give me a return.
Bullish
Bullish