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Impossible question to answer -- too many variables involved. The price of
the Stock and daily volume generally has little to do with execution speed--
particularly on Market orders.
1. Are you accessing broker via Internet or on a direct link?
2. Is your order being placed near the Open or Close of the Market?
3. Is the Market currently in a "fast" status?
4. Is it a double or triple witching day, or some other abnormal condition--
like a major market plunge or rally?
5. If Internet, how fast is your link to the Net? -- Phone, ISDN, Cable Modem.
6. Last but not least, the current traffic at your ISP as well as the
general traffic on the various paths that your order needs to traverse on
the Net, and the current traffic load on your Broker's Server(s) will vary
greatly.
All of the above, as well as other aspects, will affect your execution speed
and response from your Broker. Under Ideal conditions, via the Net, I've
had orders executed within one second-- under other conditions, up to 10
minutes, or not at all. I've heard others complaining of not learning
whether or not their order was executed for up to 30 minutes. I've also
used a Frame-Relay link to NASDAQ that regularly executed orders in less
than 1/100th of a second from 5000 miles away in the middle of the ocean.
Best advice is to try it under various conditions and see for yourself.
Trade small until your confident of the speed of your connection and your
Broker.
__________________________________
At 03:48 PM 6/4/98 EDT, you wrote:
>Hello All,
>
>Guys if someone could tell me how the following scenario would work in real
>life - i mean actually using the money and waiting for Fills:
>
>SAY the share costs $20 and stock is highly volatile (daily avg. Vol. 500,000
>),
>and AVg. Tick volume is say 1000 shares.
>HOW FAST (APROXIMATELY) MY ORDER WOULD FILL. I ve paper traded with real time
>data like this :
>1) When I decided to enter I act like puting an market order in the computer
>and send to my broker ( in order to get the most accurate price that I moght
>of get if that was for real I WAIT 4-8 SECONDS and then check what is the
>price given to me by my real time FEED . Now on average i take correction for
>slippage etc. so wait couple of seconds and then assuming that got that price
>. NOW
>ANY COMMENTS OR SUGGESTIONS HOW TO BETTER AND MORE ACCURATE PAPER TRADE , AND
>GOALS AND WAITNING TIME DO I NEED TO CONSIDER ??Please tell me based on Your
>experience, how fast do the orders usually fill and what IT USUALLY DEPENDS ON
>THE MOST ??
>- I know its the price and time first, but after that ??
>- Volume ?
>
>Simply saying is there ANY tip or method i should apply to get my results more
>accurate ??
>
>Thank You very much for Your support !
>
>Regards Thomas-
>
>
>
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