Unless its me, I still find it extremely manual and long-winded to calculate how many shares I can afford to buy on a limit order using the app interface. Add in the 95% rule getting in the way I have found myself missing the uptick.
I shouldn’t have to keep an Excel sheet handy to do this.
I just happened to see a pop-up the other day which was helpful that said something about “you can buy x amount of shares” but that only happened after a few tries and fails to buy at limit.
On the Buy limit screen, can you consider asking for the limit price first, then calculating (pre-fill) the max number of shares the can be purchased at that price with the available funds? Then let users adjust from there?
Otherwise currently to buy limit you set the shares (which calculate at market), then you set the price limit and then you have to go back up to adjust the shares again! for the shares against the price limit.
At least the shares will more or less be in the range. If the 95% rule could be considered that would be a bonus.
Its about for me shortening the time it takes to place a limit order, its still too long compared to other trading apps that I have used.
Just found this thread and resurrecting it, as I have been researching how to speed up Limit Buy orders.
This is the exact problem that brought me here.
This would be a huge help!
It’s very cumbersome, and easy to fumble when speed is of the essence.
Agree with this. Much better.
It’s easy to miss a favourable price, when the process takes too long.
Thanks to you guys at T212 for the fantastic platform! Little improvements such as these (which are easy to ask for, but no doubt aren’t so easy to implement) will only make the platform that much better. Keep up the good work.
Unfortunately years later, nothing has changed. It’s still one of the weakest parts of the platform and customers hate it.
Compared to some American trading platforms Ive never seen anything so cumbersome to work out how to get the max number of shares for a limit order. ……and still have to use 95% rule for a LIMIT order where duties and stamp should already be part of the order calculation.
Thanks for the reply. Glad you’re still around. Hell, it was a two year old thread, but worth resurrecting if you ask me.
I’m going to keep on at them, so maybe you can muster the energy to keep fighting the good fight with me!!?
Overall I really love the platform. It must have taken/takes SO much work to get it as good as it is, and to keep it running smoothly, so I am always prepared to cut them some slack, and I certainly don’t want them “moving fast and breaking things” by any means.
……and still have to use 95% rule for a LIMIT order where duties and stamp should already be part of the order calculation.
