posted on
Nov 02, 2007 09:00AM
Interesting re: market orders don't show.
I tried some market order on the Venture and my orders didn't fill. I asked my broker why.
Answer: market order takes whatever is available at the current ask, and the remainder is then re-entered as a Bid at the current max Bid price. If the market rises a tiny bit, the Market order never gets filled.
I was told that this ONLY happens on the Venture - on any other exchange, the market order of course fills up by going up the Ask prices.
As a result, I always enter limit prices.
BTW, per our previous discussions, all stop losses are visible, so don't use them on this kind of stock.
Anyone else play with this?