T/FIF, a New Plateau Message Board

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Biotech / Medical : T/FIF, a New Plateau

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To: scaram(o)uche who wrote (1715)	2/25/2003 12:58:23 PM
From: Sultan	Read Replies (2) of 2243

If you have 1 order of say 5k to 10k shares of any security (there is no restriction as far as I know of number of shares) for a limit price and if they have to fill in smaller chunks through out the day, it is still considered one trade 'as long as it is a day trade' .. If they have filled your order partially and if your expiry of the order is next day or a future date, then following day it will be considered a separate order and hence another 11 bucks.. Best to enter day trade at limit for all the shares you want.. Of course for a illiquid stock that might be difficult.. If you enter many smaller orders to assemble your position then needless to say each order is 11 bucks.. edit.. FWIW, I am presently trading with interactivebrokers.com.. Their commission rate is reasonable (.005 share for up to 500 shares or minimum of 5 dollars or .01 over 500 shares) but am also in process of setting up an ameritrade account.. For trading pennies, these two outfits seem to be best in terms of commission..

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