Is anyone manually trading 20,000 or more shares of any of the
mechanical systems at a time (e.g. FAZ)? If so, do you place an
order for all 20,000+ shares or do you break it down into multiple
orders of (say) 5,000 shares? Do you place limit or market orders?
If limit, do you have problems getting them executed when trying to
exit at the EOD? How do decide where to set your limit orders? If
you use market orders, do you find that the execution takes place
at different prices that are increasingly moving against you? Thank
you for your input.
i bought and sold more than 20,000 shares of faz with fidelity
and i did it all in one order ($8.00 per order) and i had no
problem...faz trades in the millions of shares per day...
i forgot to mention, i use limit orders on just about everything
just to be on the safe side...i don't know if they'd be required on
faz because of the volume...but i got a good fill when i exited
this mon since i sold into an up market...
You shld be able to execute 20K shrs FAZ with lim orders and get
pretty good executions. I trade 50K shrs FAZ per order and usually
no prob. 20K SSO is fine too... SRS be careful thou... Manual
trades for me as I dun follow the mech systems.
Mechanical Systems
Posted by bobhug on 26th of Jun 2009 at 12:08 pm
Is anyone manually trading 20,000 or more shares of any of the mechanical systems at a time (e.g. FAZ)? If so, do you place an order for all 20,000+ shares or do you break it down into multiple orders of (say) 5,000 shares? Do you place limit or market orders? If limit, do you have problems getting them executed when trying to exit at the EOD? How do decide where to set your limit orders? If you use market orders, do you find that the execution takes place at different prices that are increasingly moving against you? Thank you for your input.
i bought and sold more
Posted by cawen on 26th of Jun 2009 at 01:14 pm
i bought and sold more than 20,000 shares of faz with fidelity and i did it all in one order ($8.00 per order) and i had no problem...faz trades in the millions of shares per day...
Mechanical Systems
Posted by bobhug on 26th of Jun 2009 at 01:26 pm
Thanks! Do you do so as a limit or market order? Any problems with execution or pricing at EOD?
i forgot to mention, i
Posted by cawen on 26th of Jun 2009 at 01:29 pm
i forgot to mention, i use limit orders on just about everything just to be on the safe side...i don't know if they'd be required on faz because of the volume...but i got a good fill when i exited this mon since i sold into an up market...
You shld be able to
Posted by gan_ on 26th of Jun 2009 at 12:33 pm
You shld be able to execute 20K shrs FAZ with lim orders and get pretty good executions. I trade 50K shrs FAZ per order and usually no prob. 20K SSO is fine too... SRS be careful thou... Manual trades for me as I dun follow the mech systems.
Mechanical Systems
Posted by bobhug on 26th of Jun 2009 at 01:24 pm
Thanks! Do you enter all of your order at once or break it down into multiple orders? Do you enter limit or market orders (especially at EOD)?
Single limit orders for me.
Posted by gan_ on 26th of Jun 2009 at 01:36 pm
Single limit orders for me.
so are you trading that
Posted by matt on 26th of Jun 2009 at 12:15 pm
so are you trading that much or plan to? Personally my TS is set up to scale into a position is parts of I want to and scale out as well.