Re: Editing previous post. Placed a buy order
I don't quite understand the question.
If you are concerned that you are only getting a partial fill on a buy order, all I can say is that partial fills happen, especially in thinly traded stocks. I get them multiple times a week.
I personally don't care because I negotiated with Schwab that I don't pay commissions on any equity trades (incl. OTC), so it costs me nothing but the effort to wait or re-enter the trades. So, I just keep my GTC (good til cancelled) order open and often shares will just trickle in as they become available. I have some orders open on some utility preferreds that only get a partial fill once a year, so it requires patience (which is not always easy for me).
You probably already know - but you can usually negotiate commissions with brokers. Sometimes it takes a bit of "round and round" discussion, but most will make the concession eventually. I used to have to negotiate my deal every year with Schwab every year, then a helpful guy set it up for 25 years and I don't have to do anything any more. I still have to negotiate annually with my other brokers.
To answer the question I think you asked: If you only want the broker to buy the quantity you entered and not a partial fill, you can usually enter the trade for " AON (All or none)" on most brokers (on Schwab, its under "special instructions"). If the system can't get all the shares you want, it won't buy any. This can be good in that you won't get a partial fill, but it will mean that you won't get any shares at all. All depends on what your strategy is.
Of course, you can also try raising your bid price, but on thinly traded shares that doesn't always help because there often just aren't shares available.
does this answer your question? |
