Let assume that 10 000 shares are a relatively large order in this case.
Let’s say that I bought 10 000 shares at $40.00 and had a 10-14 % target. (Around $46-48). How do I increase my likelihood of getting these 10 000 shares sold at my target?
If I would have used regular visible orders the order book would have looked quite “heavy” around $46 and other market players would have seen that there is a big seller in the market. A big seller in the market is not a good sign and other players may want to get their positions sold as well.
These other sellers may be willing to sell at a cheaper price (let say $45) just to be certain that they get their positions sold. Hence a domino effect is started where sellers “take” the Bid side at lower prices just to secure their profit. The price falls!
My large order will not be sold at all!
What should I do?