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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: doniam who wrote (12691)9/4/2000 9:04:25 AM
From: OldAIMGuy  Read Replies (1) of 18929
 
Hi Don, You should probably set your minimum Share trade to just one share if you don't want it interfering with the dollar minimums you've established. Then only if the share price exceeded $100/share for your mutual fund or $500/share for your stock account would it take control over the minimum dollars.

When you set SAFE at some level, remember that it's the resistance to do any trading before that SAFE level is achieved. Once you reach that plateau, AIM would then be ready to sell only your first dollar's worth. So, from that point on, your minimum for trading takes over. As the price rises or falls further from satisfying your SAFE value, the market order grows larger and larger until it finally satisfies the Minimum for trading. This is like adding percentage points to the SAFE value in a way, as it expands the overall HOLD ZONE.

In the case of your $500 minimum orders usually being designated as $503 or some such, it's just that your minimum was $500, so it has to satisfy that first. Then there's probably some rounding that occurs to achieve the nearest dollar level at an even share number.

I don't know why your mutual fund orders are missing the mark by so much. My guess is that if you reduce the minimum SHARE trade to one share, you'll get market orders closer to your minimum of $100.

Best regards, Tom
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