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How do you sell your stocks? Do you put it in with no special instructions or an AON? I did not realize till today that an open order goes in front of a AON order when you sell. I have had trouble in the past with open orders, because they sell off small lots over several days thus sucking up the profit.
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Iwish...it all depends on how the stock that I want to buy or sell is trading. If you do put in an AON make sure that it is a GTC or you may end up paying a double commision if you don't get a complete fill the day of your order...AON orders always go to the back and stay at the back of the line.
My trades our getting hit with a commission every day untill that order is filled, no matter if I put a GTC or not. They also told me that if I have a sell order in for lets say 100 shares with an AON restriction, a 100 share order with no restristions {open} sells first, even if mine was in 2 days before.
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Your okay if you have many sells in the same day, but if it carries over to the next day another commission, like you said. I was getting hurt in the past by them taking 3 or 4 days to sell stock even with high volume, so I stoped with open orders. But I did not realize till today that you get bumped by open orders if you have an AON order. There is nothing I can do unless another broker has a different policy.
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Are you selling at the bid? You shouldn't have a problem if you are selling at the bid or between the bid. And these are high volume stocks? Have you called your broker?
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i can place an order in my Etrade acc. and then go place an order in my Ameritrade acc. for the same stock and Ameritrade always executes before Etrade, and sometimes etrade never executes, i think those guys went fishing or something,also i have to place aon orders with etrade, or they will instantly fill 5000shs and never fill the rest, getting real close to saying goodby to eturd
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They were not all high volume but many were. The worst part of it was that if your sell starts you are suppose to be first in line the next day to sell if at the same price and I would see sells going through at my sell price and mine were not selling. I use to call and they would give me some free shares from time to time, but it became more trouble than it was worth. Several days ago I put another one up with an open order sell, it has not had high volume the last few days, but I have had some sells over 2 days, the first sell was for $1, I called this to there attention and got 2 free trades, but it still ticked me off. I always worry about how someone can use a trade like that one on the market. Overall the broker is pretty good, just not sure I want to do to many open orders. Maybe I am just unlucky when it comes to open orders. I was just wondering if anyone else had run into this? Thanks for the replies.
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Iwish... 1. You should NOT be charged more than one commission if your order is GTC...I would change brokers... 2. AON orders always go to the back and stay at the back of the line...
quote:Originally posted by IWISHIHAD: buckstalker,
My trades our getting hit with a commission every day untill that order is filled, no matter if I put a GTC or not. They also told me that if I have a sell order in for lets say 100 shares with an AON restriction, a 100 share order with no restristions {open} sells first, even if mine was in 2 days before.
I did check again tonight on the GTC after you told me that. They charge a commission every day they trade that same order, it is like a new order every day, except you are suppose to be first in line. jelly said the same thing except she worded it better. Thanks Again.
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