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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: werefrog who wrote (13871)3/30/1998 11:03:00 AM
From: Steven Bowen  Read Replies (2) of 53068
 
Jim, way to go.
Did you place your order for 1000 shares and get filled for 1000?
That's been the only problem I've had, getting partial fills.
And don't forget you can sell in the same way. Will add 3/8's total to your trade. Not too bad, considering it's just kinda free money.

Before I figured this out, I always used limit orders anyway, but in your case today with a spread of 10 1/8 by 10 3/8, I would have placed a limit to buy at 10 3/8, or maybe if I was feeling lucky I might have tried 10 1/4 or 10 5/16. Now I'm beginning to realize you have probably have just the same odds of a fill if you place it at 10 3/16.

Steve
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