Stock Trading and Other Things

Day Trading and Multiple Partial Fills? -  Stock Trading and Other Things
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Day Trading and Multiple Partial Fills?

Hello,

I do understand the day trading rule (and my account is under $25,000), but I have question about a trade and many partial fills.

Let's say that I am purchasing 2000 shares of HIG stock. I entered an order and click "purchase" button. The stock has been purchased with three different lots (1000+500+500).

When I sell 2000 shares of HIG at same day, how many day trades I've done? 1 trade or 3 trade?

Again, I know the general rule and don't want to play dangerous day trade, but I need to get out same day sometimes. So I want to understand this kind of transaction clearly.

Thank you,
So, it's considered to be one day trade, correct? Thank you again.
I know about the AON option, but the scottrade only allows me to use the option on limit order, not on market order. Thank you everyone,

Public Comments

1. I believe it is just two trades. One buy and one sell. I am however no expert on this particular issue.

2. It's two trades. Your buy order is executed as sell orders come in to match it. It is only one order, it is just filled in pieces. Your sell is a different order.
Total of two.

3. When you enter your order look for the box that has the terms
AON . This means *all or none. So if you enter an order to sell 2,000 shares of a stock, with AON selected, you won't have partial fill orders.
But, remember when you choose AON it is the last place orders are filled from. I did this with a low volume stock and even though my sell price was hit, the shares did not trade when I had AON selected.
I have found several stocks that I am trading with and I enter buy orders at about 7-8% lower than the average trade. The stocks I use for this bounce up and down by about $2-$3 per share, but that is enough for stocks trading at about $34 per share. I usually get about 2,000 - 3,000 shares this way. Then I set a sell order in ascending amounts so if I catch a good day I get a lot of the orders filled. I'm not a big whale by any means, but you can make money in today's market doing this - you just need to be patient.
Put your buy orders in in lots of 200 shares and start them at let's say $25.00 then another order at $24.90, then another at $24.80 and so on.
It's hard to guess the bottom of a trading day, so this way you have a better chance of averaging closer to the bottom. Same on selling.
If you bought some stock at $24.85, set several sell orders in at $ 26.00 ascending up to $28.00 - $29.00. I look at premarket conditions to see where the futures are trading, also look at the calendar on stock web sites to see who is reporting earnings today and what sector they will influence. I good stock lately to play the ups and downs is BTU (peabody coal), MTW (manitowac), and OMX (office max). Good Luck