"Attention Equity Traders: This option is NOT suggested since it can result in seriously increased commissions depending on your commission plan. For example, if you are charged $9.95 per order and you trade 1000 shares and have 10 partials for 100 shares each, you will have 10 stops and targets for 100 shares each instead of 1 stop and target pair for 1000 shares. Once filled the difference would be $9.95 x 10 vs $9.95".
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This quote is confusting me...
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This quote is confusting me...
This quote is from the NT strategies documentation. It seems to be saying that if you submit a a single order to buy 1000 shares but it executes as 10 partial fills ,the commission will be 10x the commission. Is that what is being said here?
"Attention Equity Traders: This option is NOT suggested since it can result in seriously increased commissions depending on your commission plan. For example, if you are charged $9.95 per order and you trade 1000 shares and have 10 partials for 100 shares each, you will have 10 stops and targets for 100 shares each instead of 1 stop and target pair for 1000 shares. Once filled the difference would be $9.95 x 10 vs $9.95".Tags: None
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Hello bob100,
Thank you for your post.
That is correct if your commissions are setup by your broker to be per execution and you received 10 partials fills these would each be looked at by your broker as seperate executions.
Please let me know if I may be of further assistance.Christopher J.NinjaTrader Customer Service
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