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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Mr. Big who wrote (47318)12/17/1999 1:52:00 PM
From: Bryan  Read Replies (1) of 108040
 
I NEVER use round numbers. >>>
That's very true Big.
Many stock pickers place limit orders on round numbers. Even if you adjust a bid up by 1/16 or offer down by 1/16, you have a much better chance at getting filled on a limit order. In the stock market, it's not a case of first come, first served. Therefore, when you place a limit order on a round number where the herd is also placing theirs, you may notice that the price deals several times, but you don't get filled. Moving your order by even 1/16 can make a big difference.

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