Recent content by wpost

Us stock traders are crazy into math and accuracy, original example was 1.4799 and 1.4701 which is 98 hundreds of a cent, or almost one penny. 14.799 - 14.701 in your example is 9.8 cents. So getting a one penny price improvement on a 5,000 share order is worth $50. If that happens one thousand...

By 1/10 of a penny more I mean when buying at a $1.48 ask I get filled at $1.479, or if selling at the $1.47 bid I get 1/10 of penny more by being filled at $1.471. Sometimes I would get filled at a full penny more but now Ameritrade thinks price improvement is $1.4799 buy or $1.4701 sell.

Can you share which broker you're referring to?

Thanks for the info! For a long time Schwab and Ameritrade did a fine job of price improvement for stocks. Even $1 stocks that are suddenly active. But in the last month or two Ameritrade gets almost no price improvements. Its become a joke among trading buddies that if you got filled at $X.0001...

I would agree with your basic premise. However, when you select a broker's smart/auto routing for your order, one broker can do a better job than another. A broker can send your order to his "partner" and you get 1/100 of a penny price improvement while another broker looking out for his...

You buy a stock at the ask or sell at the bid. Some brokers will fill you at the bid or ask, but some brokers will do a better job and get a fill price in between or totally beat the spread. If you trade a lot those gifts of pennies per share can really add up to big money throughout the year...

Trading is tough enough without additional headaches like delayed orders. I want to be applying my time and skill to making money, not struggling with my tools. I find that the trading landscape changes and brokers move up and down the list of "best brokers". I suggest a third party platform...

I would say this covers the subject: https://www.investopedia.com/terms/d/dnr.asp Call your broker and inquire about how they implement a DNR order. Same concept applies to a GTC order on a stock that splits.

I'm using MedvedTrader, www.medvedtrader.com you can add an indicator to a chart that will plot the LU/LD price minute by minute. Kinda cool watching the price touch the limit line and then trading halts.

You would think that it applies to options, and that's how the actual rule on the SEC website is written, but not everyone reads the fine print and ends up applying the 390 rule to every type of asset class. Some brokers have sent 390 rule notices to equities traders. Maybe it's an oversight, or...

Hi all, Wondering how you feel about broker price improvements. Buying and getting filled at the bid, or selling and getting filled at the ask or a price close to either one. I've been trading for a long time and I can expect some great improvements on price, or at least splitting the spread...

Software is very dynamic. Time to update your 15 year old operating system from Windows XP and try some current apps. Most trading apps have extensive built in features. As for Medved Trader, C# is used for writing custom advanced algorithms. Most traders are not successful with "buy if the...

I don't understand why in a forum of people that are trying to share ideas and improve their craft you have to make a strong derogatory statement with little details. Maybe you could elaborate on your experiences and tell us what type of trading you do and what platform you use and why? That...