Post #2176 by elann on the Mechanical Investing board

Investment Strategies / Mechanical Investing

Unthreaded | Threaded | Whole Thread (39)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 7

- If I want to build a position of, say 15 contracts, how would I do that? Enter orders for a couple contracts at a time, with price midway between bid and ask say?

When I buy calls I place an order for the full number of contracts I want. I start with a limit order just above the bid price. Usually I don't get an execution at that price. After a few minutes I raise my limit a little and wait again. I repeat until the order is filled. Usually I get an execution between the bid and ask, but it's hard to predict where I'll end up within the spread.

Elan

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (39)

Prev | Next

Announcements

Mechanical Investing FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.