I always put in all or nothing orders with a limit price. I have never had a problem filling orders under 50,000 in actively traded issues.
With prwt 100,000 blocks seem to fill almost immediately.
With stocks, you tell them what you want, how much you will pay, and how much you want period. If they won't deliver on your terms, it is better to walk away.
I never chase a price either.
If it is 50 cents and I only want to pay 48 cents, then I put in an all or nothing for 48 cents. If they won't fill, I try again the next day. If they still won't , then I consider upping the bid the third day.
Perfect example.
On Monday I put in an all or nothing on PRWT for .047. It didn't get filled. On tuesday I did the same....It got filled.
It was a big enough order that they had to get it filled from 3 different MM, but my broker knew that it was all or none, so if they wanted the commission, then they had to get the whole chunk, not just part.
That's what we pay them outrageous commissions for. |
