Selling all shares at once... how difficult?

Question

Let's say I wanted to take some risk and day trade for one day. I buy 1,000 shares of stock XYZ (large capper, average volume) at $30.00 per share. An hour later I see the bid price for the stock is $30.15 per share, the ask is $30.16 per share.

How quickly can I typically execute a trade selling all 1,000 shares at $30.15 if I were using a decent online broker like TD-Ameritrade?

Further, and correct me if I am wrong, but that would represent a half percentage point profit from my investment minus commission/contract fees. Is this right?

Answer 1

I suggest you call TD Ameritrade and ask.  You buy the stock but it is not instantly available for sale.  I think that the clearing time is about 2 days.  Perhaps you could sell the stock short at 30.15 and cover when your stock is available.  The margin interest would be a factor.

Best to call TD Ameritrade and make sure.  Additionally, while the execution is rather fast, other orders could be in the queue and yours wouldn't get executed.

Answer 2

If you are going to be satisfied with the  1/2 of 1 % profit, I suggest you find another avenue for investing.   What happens on the day you have to take a 1/2 % loss and still pay the commission and fees?

Answer 3

its not worth it you end up losing money

Answer 4

I think the sell would be pretty quick. you would make $150 minus your commission.  1/2 % profit is correct.