Can stocks like AMD, SQ, MU, handle intraday orders of $300,000 without moving the price much?

Discussion in 'Stocks' started by Risepoint1879, Jan 16, 2019.

  1. Question in the title.
     
  2. trademan1

    trademan1

    What is big slippage to you?
     
  3. ETJ

    ETJ

    Use your brokers help desk and they should be able to give you a sense where a sweep order will fill and how many shares you could fill. You'll most likely pay to use the help desk, but it'll be worth it. Avoid the open and the close and the rest will depend on intraday volatility.
     
    Risepoint1879 likes this.
  4. CALLumbus

    CALLumbus

    For AMD that would mean about 15,000 shares per trade.
    If you try to trade that size in AMD with a market order, in most cases you would for sure move the price at least somewhat.
    There are many ways to trade such a volume intraday without moving the price, but it depends on your trading goals and style.
    You could place a limit order that hides your true size. If you place such an order during the high volume and volatility of the opening, you can get away with getting filled in the blink of an eye without moving the market at all.
    You could also use a dripping algo that spreads your quantity over a certain time window.

    But if you just want to scalp in and out with market orders, trade after trade, with that size in the symbols you mentioned, then you will for sure in most cases move the market.
     
    tommcginnis and Risepoint1879 like this.
  5. Interactive Brokers mentioned something about spacing big market orders to prevent price movement. I'll see if it makes it easier to do this. CME would just unload, and I've made a dent in the chart on low volume stocks.
     
  6. ZBZB

    ZBZB

    At interactive brokers you can use an algo to hide your order/split it into small blocks.
     
  7. If your sent 15k to shitty NSDQ even if there was 500k offered your fill would be a few hundred shares and the rest would pull.
    Moral of the story
    NEVER EVER ROUTE TO NSDQ
     
    vanzandt likes this.
  8. p0box4

    p0box4

    Why avoid the close? Not for daytrading maybe but for a position of multiple day's using a MOC order? The market close trade would be ideal to handle such large and even larger volumes, no?
    Just recently getting in to stocks so i might be wrong.
     
    CALLumbus likes this.
  9. Answer to OP, yes, this can be done easily without hardly any impact, if you have some skills.
     
    tommcginnis likes this.
  10. $300k is not that much for those stocks. First route to dark pools and if the entire order doesn't fill, then use the IEX router to capture the entire offer. EASY!
     
    #10     Jan 16, 2019
    CALLumbus likes this.