Q: This is about limit orders. As long as the bid ask spread is less than 2%, I place a limit order at the ask price. Sometimes, I only get a partial fill. What is the best strategy after that? Should I just wait until the order is filled? If so, how long should I wait? One hour? One day? One week?
I have wondered whether I should cancel a limit order after a partial fill. The market maker and others with access to such information know my order, and can use that to their advantage. Would I be better off cancelling the order and resubmitting with another limit order?
I have wondered whether I should cancel a limit order after a partial fill. The market maker and others with access to such information know my order, and can use that to their advantage. Would I be better off cancelling the order and resubmitting with another limit order?