Could you give some ideas, what might be the best way to orchestrate 'street-sweep' type of trade, where I try to accumulate as many stocks in a short time period (1 day)?
Let's imagine that stock is trading very low level because of the tax selling or some other reason, and now I would like to get as many shares as cheaply as possible. How should I proceed?
In this example (random small cap), let's imagine I would like to get those 1015 @ $7.00 + any hidden liquidity too and then maybe clear up levels all the way up to $8.19.
What kind of order type and order attributes should I try?
1. To get a maximum amount of shares.
2. as cheaply as possible.
let's also imagine, that this buying window might be closing, that I cannot use algorithms or any other long-term accumulation strategies.
Any ideas?
Thanks!
Let's imagine that stock is trading very low level because of the tax selling or some other reason, and now I would like to get as many shares as cheaply as possible. How should I proceed?
In this example (random small cap), let's imagine I would like to get those 1015 @ $7.00 + any hidden liquidity too and then maybe clear up levels all the way up to $8.19.
What kind of order type and order attributes should I try?
1. To get a maximum amount of shares.
2. as cheaply as possible.
let's also imagine, that this buying window might be closing, that I cannot use algorithms or any other long-term accumulation strategies.
Any ideas?
Thanks!
