Hi, I’m interested into getting into day trading in the future and had a question about partial fills (ie: you place an order for 1,000 shares, but only get a fill for 100 at a particular price).
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!
(In response): Thanks, yes, I’ve been doing analysis for a couple of years now and know enough to be dangerous =).
The reason I mentioned the dollar amount as opposed to the number of shares is my assumption that there is a rough dollar amount to when you start reaching limits as opposed to quantities of shares.
For instance, which is more likely to get a partial fill (all other things being equal):
200 shares of a $500.00 stock
2,000 shares of a $50.00 stock
Is it better to day trader larger value stocks to reduce the chance of a partial fill or does it not matter?
Kelsey
If I want to get a stock, say Yahoo’s daily trading data (High, low, close, volume) in the last year, where can I get it?
Note that I want the data, not just the google or yahoo chart.
Ethan
