Last month I was selling 1000 shares of a stock and I got a trade notification for a measly 20 shares. This is known as a partial fill. A partial fill occurs when you put in an order to buy or sell a stock and your brokerage can’t fulfill the entire order because there was insufficient shares at a particular price.
Find out how much commissions you can expect to be charged on a partial fill, and what you can do to avoid partial executions and paying extra commissions.
It is easy for a newbie investor to get overloaded by all the options that you need to think about when placing their first order. You are faced with things like market orders, limit orders, time-in-force, and more that you need to think about when all you want to do is buy a few shares of Starbucks.
On this post, I’m going to explain the various options that you will likely come across on the stock order placement page, what they do, and some things you will want to think about when buying a stock for the first time.