Reading An Order

[anupdodia]

Hi All,

This Is My First Post And I Am Doing A Mini Project About Trading Language And Psychology. I Would Really Appreciate Any Help Comng My Way!

My First Quick Questions Is About Orders. In Particular How To Interpret Certain Orders.

1. Buy/sell 10,000 Share X And 1/3 Of The Volume.
2. Buy/sell At Market 10,000 Share X.
3. Buy/sell 10,000 Share X @ 15.55 Limit.
4. Buy/sell 10,000 Share X @ 20% Volume Limit 15.55.
5. Buy/sell 10,000 Share X @ 20% Volume.

If Someone Can Give Me A Simple Break Down Of These, I Would Really Appreciate It.

Thanks,

Anup

[Sparrow]

Hi Anup,

2. Buy/sell At Market 10,000 Share X.
Buy/Sell 10,000 shares at whatever price the market will give you right now no matter if price will go up/down in the meantime
3. Buy/sell 10,000 Share X @ 15.55 Limit.
Buy at or below 15.55, Sell at or above 15.55, until your position is 10,000 Shares, you can end up with no or partial fill if price does not spend enough time at the level you desire.

No idea about the rest, maybe because I don't trade equities.

Cheers

Edit: got the limit order wrong, buy at/below and sell at/above

[torero]

Hi and welcome Anupdodia,

1. The volume depends on what you're referring to: the total volume of the stock for day or average volume or your volume? If it's yours then 30% of your volume will be ordered to buy/sell.

If it's your volume, then on #4 and #5, it's 2000 shares of 10,000 for limit at 15.55 (#4) and 2000 of 10,000 (#5).

[anupdodia]

Volume = my volume ie for the example 10,000 therefore 3,333 for a 1/3

and 2,000 for 20% vol