Stock Trading - How many shares before you hit Partial Fills?
Question:
How many shares (or amount of equity) of a heavily traded Fortune 500 company can you typically trade in a single transaction without getting partial fills. What about if you use Market orders vs. Limit Orders?
For instance, if you were to place an order for $100,000 of Google stock via a Market order, would you typically get the entire order filled immediately? What about if you try to sell $100,000 at Market?
What about if you do Limit orders vs. Market orders?
I would like to be able to trade very large quantities frequently during the day and would like to know if I'm going to need to account for partial fills.
Thanks so much!
Answer:
A market order should always get filled as you are buying a said number of shares "at market" so you will hit offers until you have a fill. I suppose if there weren't enough shares on offer you could get a partial fill, but on a fortune 500 this will never happen.
Limit orders will only fill at your specified Limit price or lower (for a buy). If the stock goes up you won't get a fill.
If you don't want partial fills you can use "all or none" order. They will fill the whole order or nothing.
Another thing you should know is you don't place an order for $100,000 worth of stock. You bid for a number of shares at a specified price (limit price). Market orders you only specify number of shares.
No offense, but you should really do some reading before you start trading. It's a risky business and the more you know the better. The web is full of information, but so is a bookstore or a library.
Good luck.
Your question is completely inane. Partial fills have nothing to do with company size and is not predictable unless you know exactly what is being bid and offered in the market for the stock you would like to trade.
I suggest that you find something else to waste your time on rather than pondering this question.
If you spend your time pondering these types of questions in a day trading environment you will certainly lose your shirt and then some.
Go figure out what the structure of a nano-material would be that would replace the silicon and copper in a microprocessor and you will put Intel out of business and become very rich thereby not needing to day trade. Get a life!
If you are going to drive a price up it is better to do 4 buy orders or more so others will be like holy crap look at all these buys then every one watching it will jump in and buy It. It is best to do this right after some good news. Just be sure you know how to analyze charts other wise the bears are going to short ya.PS don't make all your buys the same number of shares other wise they will know it is one person you have to be sneaky this is what the pros do. Just remember there are bulls there are bears and there are hogs and hogs get sloughtered so be careful.
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