Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: Satyr who wrote (305)	4/22/1998 7:01:00 PM
From: William W. Dwyer, Jr.	Respond to of 3216

Bob, What Darren cited as an example does happen, but very rarely in my experience. Usually I buy 1,000 shares and usually get the whole batch at one time within seconds. Depends on how you place your order, market or limit, SOES, or whatever. Sometimes it gets filled in two 500-share lots. As long as it's one order, though, my understanding is that you only pay one commission of $19.95. They might split it or something like that. If you get a partial fill, however, and then cancel the remainder of the order and replace with a new type order (different type, different price, etc), then I believe it's treated like a separate order and another commission is charged. This happens to me very rarely and is not an issue. In fact, sometimes when I buy and get a partial fill, I quickly find I've made a mistake (can I say that?) and I want out fast, so I just cancel the remainder and dump what I have, occasionally considering myself fortunate to have not had my order completed. Partial fills do not cost extra commission unless you change something and make getting the remainder a "new" order. Partial fills occur primarily due to changes in exchange rules and occur more often when trading in sizes larger than 1,000 shares. So, to answer your question more directly, if the different partial fills are at different prices as part of one single market order, no problem, you pay just one commission. However, if you used one limit order and then changed it to another price, I imagine it would be treated as two separate orders. Regardless, though, it's only $20 and I would never enter a trade unless that $20 was greatly outweighed by the potential upside on the trade. I like to look for trades with initial potential of 1/2 point or more if I'm risking a prospective stop-loss of 1/8 point. If I feel a 1/4 stop is warranted because of the type of trade, I would like to have a full one-point upside going into the trade. In those cases, the commission is relatively insignificant. Otherwise, why even bother with the trade? You asked my favorite feature, and I do have a few, but I would have to say the "dynamic ticker" is my personal favorite. Many times I have been able to pick the tops and get out quickly using it, maximizing my gains. Sometimes I am prompted to stay in a trade longer than my instinct tells me to and make even more than I would have. It's my favorite tool. It's like radar telling me if the stock is going to go up, or go down. I do like it! I hope this helps. Enjoy your demo, but prepare to study a bit. There's a lot in that software. WD

To: Satyr who wrote (305)	4/22/1998 7:35:00 PM
From: topwright	Respond to of 3216

Satyr, Like Darren, I too experienced a piecemeal trade. When I addressed CT with the same question you asked, I was told that as long as the trade is commenced within within 5 minutes there would be only one commission. Hope this helps, good luck with the demo, it's a lot of fun. rb

To: Satyr who wrote (305)	4/23/1998 1:29:00 AM
From: Darren	Respond to of 3216

"Darren cited in his post an example where he was only filled on 25 shares on a 200 share order. Lets say that he later got 50 more and then 125 at different prices to fill his 200 share order. How much would he have paid in commission. Would each partial be considered a different trade? Also what feature do you like best about CT. I'm downloading the demo now and am going to take a good look. thanks in advance Bob" CyberBroker is pretty good about dealing with split fills as one trade. They go over the sheets manually each day...