Order execution problems

myfilosofy · Wed, 08-03-2005, 10:10 AM

Hey guys and gals...

As this thread will definitely reveal, I'm a bit new to day trading, but in a few days I've done rather well thanks to you guys and some hardwork and learning on my own. I'm having a tough time though getting my order executed. I'm aware that with pink sheets and bulletin board stocks, you have to use a limit order and its biting me in the rear a little because my order either partially gets filled or not at all, then I go to cancel the order and I have to wait a day or two to get the funds back available for trading. Any ideas? Thanks

trendseeker · Wed, 08-03-2005, 07:51 PM

Sign up for Margin in your account. Don't have to use it but many brokers allow you to have immediate access to your money after sells. No 3 day wait. No secret method to get fills in otc and pinks. Buy at ask and sell at bid if you want faster fills. AON orders get filled last as well. This stuff takes patience and everyone goes through the same stuff. Nas stocks get filled usually in 2 - 4 seconds. NYSE stocks can get filled in 22 seconds. If your trades are cheap, look at MM amount to sell or buy and match your order to it. Hope this helps some. trendseeker

Wed, 08-03-2005, 10:10 AM	#1 (permalink)
myfilosofy Join Date: Aug 2005 Posts: 1	Order execution problems Hey guys and gals... As this thread will definitely reveal, I'm a bit new to day trading, but in a few days I've done rather well thanks to you guys and some hardwork and learning on my own. I'm having a tough time though getting my order executed. I'm aware that with pink sheets and bulletin board stocks, you have to use a limit order and its biting me in the rear a little because my order either partially gets filled or not at all, then I go to cancel the order and I have to wait a day or two to get the funds back available for trading. Any ideas? Thanks

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Wed, 08-03-2005, 07:51 PM	#2 (permalink)
trendseeker Member Join Date: Apr 2005 Posts: 34	Sign up for Margin in your account. Don't have to use it but many brokers allow you to have immediate access to your money after sells. No 3 day wait. No secret method to get fills in otc and pinks. Buy at ask and sell at bid if you want faster fills. AON orders get filled last as well. This stuff takes patience and everyone goes through the same stuff. Nas stocks get filled usually in 2 - 4 seconds. NYSE stocks can get filled in 22 seconds. If your trades are cheap, look at MM amount to sell or buy and match your order to it. Hope this helps some. trendseeker