posted
Was just wondering what people prefer to use when selling....I have only used the All or None feature thus far, and was wondering what the advantages or disadvantages are? Does the order get filled faster or slower?
And most importantly, if you don't use this feature, and have your order done in pieces, do you get charged more then one commission by your broker?? And what happens if the order isn't fully completed by the end of the day? For example you are selling a million shares, but only half get taken by days end.
1)If you need to get out quickly Market sell order is the best.
When a stock is on a uptrend use aon sell or limit sell.
When a stock is on a downtrend use market sell.
2) If you order get partial fills you receive only one commission unless you change your order to a different price or cancel the order then you receive another commission charge.
posted
Thanks for the help Joe. Just one other thing I wanna make sure I understand correctly. Let's say only half of the shares I'm trying to sell goes through in partials and the day comes to an end. Does the sell order remain in effect for the following day until all shares go through, and I still only have to pay one commission? Or would I have to place another sell order for the shares that didn't go through? HaHa...I'm confusing myself just typing this.
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