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Is it hard to sell low or high or odd shares of stock?Is it hard to sell low or high or odd shares of stock?
maxhouston said: "Hello Everyone,
One final question I have today is, in general, if I am trying to sell a stock with an average volume of 700,000, [B]in a typical sell[/B], is it hard to sell just (1) one share or 10,000 shares of a stock (i.e. such a low amount of shares or such a high amount of shares)?
Lastly, in a typical sell, is it hard to sell an odd number of shares i.e. 1 (instead of 10) or 133 (instead of 150) or 1,001 (instead of an even 1,000)? Is it better to have a nice even well-round amount of shares to sell or does it matter? Ideally I would like to buy and sell the exact amount of shares that my money will buy, however if I buy an odd number of shares and want to sell them later, I was curious to know if I might have a problem selling an odd amount or a low amount, i.e. 1 or 3 shares, or a high amount of shares i.e. 1,000 or 10,000?
Any help would be appreciated. Thank you.
Max"
StockHunter said: "[QUOTE=maxhouston;69639]Hello Everyone,
One final question I have today is, in general, if I am trying to sell a stock with an average volume of 700,000, [B]in a typical sell[/B], is it hard to sell just (1) one share or 10,000 shares of a stock (i.e. such a low amount of shares or such a high amount of shares)?....[/quote]
Depends on the time you are looking @ the stock. One moment it could have 10,000 shares in the bid/ask, and the next it could only have 100 shares in the bid/ask. Also depends on the price of the stock (i.e. on $100 trade I only need 1 share @ $100 price vs. 100 shares @ $1 price). The smaller your block of shares is the better able you will be to buy/sell them.
[QUOTE=maxhouston;69639]
....Lastly, in a typical sell, is it hard to sell an odd number of shares i.e. 1 (instead of 10) or 133 (instead of 150) or 1,001 (instead of an even 1,000)? Is it better to have a nice even well-round amount of shares to sell or does it matter? Ideally I would like to buy and sell the exact amount of shares that my money will buy, however if I buy an odd number of shares and want to sell them later, I was curious to know if I might have a problem selling an odd amount or a low amount, i.e. 1 or 3 shares, or a high amount of shares i.e. 1,000 or 10,000?....[/QUOTE]
About 99% of the time I buy and sell odd lots (i.e. 1,153 shares) and about 95% of the time have no problem filling them, but that is because I make sure the level 2 quotes show that I can do that (i.e. I want to sell 153 shares, and I see the bid has 1,000 shares @ the price I want). Your best bet is to "round" your # of shares (i.e. do 1,150 shares instead of 1,153 shares) that way it makes it easyer on your broker. When it comes to big vs. small lots (i.e. 1,000 vs. 10,000) it all dpends on the stock and the current time, which is why I use level 2 quotes they show you exactly how may shares are in line at what price."
maxhouston said: "[B]StockHunter[/B], thank you for shedding a lot of light on this question. I really am learning a lot from you in this forum. Thank you very much for sharing your wisdom. I will be sure to keep all that you shared in mind in regards to the quantities of stock that I buy. Mainly I just wanted to find out from you seasoned professionals the best way to buy various volumes of stock. Since I am a newbie, it seems like if I brought 50,000 shares of a stock that cost 25 cents and I go to try to sell it at a trade price of 50 cents or something, it just seems like so much stock to try to sell at one time. Yet you did a fine job of explaining how it works and how to best buy and sell stock . . . now I just need to find out more about the Level 2 quote gizmo, for sure that Level 2 service will greatly help me when I start trading for real.
Thanks again. :thumbup:
Max"
StockHunter said: "[QUOTE=maxhouston;69755][B]StockHunter[/B], thank you for shedding a lot of light on this question. I really am learning a lot from you in this forum. Thank you very much for sharing your wisdom. I will be sure to keep all that you shared in mind in regards to the quantities of stock that I buy. Mainly I just wanted to find out from you seasoned professionals the best way to buy various volumes of stock. Since I am a newbie, it seems like if I brought 50,000 shares of a stock that cost 25 cents and I go to try to sell it at a trade price of 50 cents or something, it just seems like so much stock to try to sell at one time. Yet you did a fine job of explaining how it works and how to best buy and sell stock . . . now I just need to find out more about the Level 2 quote gizmo, for sure that Level 2 service will greatly help me when I start trading for real.
Thanks again. :thumbup:
Max[/QUOTE]
No problem, and I like to call myself a "seasoned trader" I don't think i'm "pro" at this yet lol.:roll:
Yes, it would be a lot of shares to trade in that case, but as long as there is someone willing to buy that number of shares at that price you could sell them.
Yes level 2 helps [B][U]ALOT[/U][/B], and is [B][I][U]essential[/U][/I][/B] for daytrading."