Originally Posted by
Baa_Baa
Certainly am not criticising Sharsies per se, or their customer's rights to drop $10 into a share if they want to. It is what it is, it's me that needs to change my trading methods.
On reflection, my experiment has me thinking that the effectiveness of limit buys or sells has been reduced by this disruptive market trading, especially for less liquid shares. What I mean by that is, with a limit buy/sell I can pay full brokerage and end up with only small portion traded, so for me if I want certainty of a trade I will need to meet the market and execute a trade for the full amount into the bid or ask. If I can't do that I will have to risk paying full brokerage and a partial fill, and potentially ending up chasing the bid or ask later to complete a fill. A more minor point is that I'll probably not continue to record every trade and just record the sum of the contract note, so as to reduce the admin.
Appreciate everyones thoughts on this, this new phenomenon of very small parcels will imo affect how we go about getting our larger parcels bought or sold. I can't speak for the very large buyers/sellers trying to move $10's or $100's of thousands at a time.