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Posted On: 02/13/2019 2:49:52 PM
Post# of 9124
common sense indicates nobody intends to buy any number of shares worth less than the brokers commission
so when that happens it is usually either mm games or simply just a small partial fill of an order-
has happened to me plenty of times,which is why i often set an 'all or nothing' order
but the problem with an 'all or nothing' order is that you get passed over a lot because only the mm where the order is placed knows the order is there-so only bids and asks at that mm can satisfy the 'all or nothing' order,so most ppl just set a 'limit' order and take their chances that they wont get a ridicuously small partial fill
the system is not designed for retail ease of use- it is designed to maximize broker and mm profit etc,for they get their commission or other objectives no matter how small the partial fill
I THOUGHT MOST PPL KNEW THIS VERY BASIC INFO-but some will make any excuse as an attempt to confuse and bash
so when that happens it is usually either mm games or simply just a small partial fill of an order-
has happened to me plenty of times,which is why i often set an 'all or nothing' order
but the problem with an 'all or nothing' order is that you get passed over a lot because only the mm where the order is placed knows the order is there-so only bids and asks at that mm can satisfy the 'all or nothing' order,so most ppl just set a 'limit' order and take their chances that they wont get a ridicuously small partial fill
the system is not designed for retail ease of use- it is designed to maximize broker and mm profit etc,for they get their commission or other objectives no matter how small the partial fill
I THOUGHT MOST PPL KNEW THIS VERY BASIC INFO-but some will make any excuse as an attempt to confuse and bash
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