hi all, im new to stock market and i would like to ask few question.
I had just open a trading account and CDS with jupiter. Do I need to deposit a sum of money into the broker acc. in order to trade? Since i just open an account and there are no credit inside my trading account. What can i do in order to trade?

Definitely you have to deposit money in order to trade

I saw some where that stated
" 1. SETTLEMENT OF PURCHASE CONTRACTS
Pursuant to Bursa Malaysia’s settlement rule, clients are required to settle their purchase contracts by 12.30pm on the 3rd market day (T+3) following the date of transaction (T).
Clients Trading On Cash Upfront Basis
Clients’ cash deposit (also known as Trust) will automatically be deducted on T+3 to settle the purchase contracts due.
Clients Trading NOT on Cash Upfront Basis "
Does it means i dont need to pay the trading amount to trade but can wait til T+3?

If yes, does it expose to certain interest?

Yes should have interest rates

Thansk a lot.. any idea where can i get the info like interest rate an etc?

Few quick question:-
1)If im using Clients Trading On Cash Upfront Basis, will the money only be settled to broker account at 3rd day, which is T+3 but not immediately during the trade date/time?

2) By looking at the attachment, there is "Bcum" stated 406 and "Scum" stated 580.
What does these 2 figure represented? let say the current price is 1.87, the Bcum of 406 represented that there are 406 lots are queing up to buy at the price of 1.85?

let say if i want to buy at current price of 1.87, how do i know whether there is any share available for me to buy?

Thanks in adv.





Attached thumbnail(s)

See the Sell queue and what price they are offering

Hi mate, mind to explain clearer? I saw Scum @ 1.87. what if i would want to buy it at 1.86?

right i'll use a diagram to explain. spoiler is really long.


hope that helps. if not clear just keep asking.

That's great info!

What platform u're using to show this figure? Seems like mine is far different from this. Im using Jupiter.
Thanks a lot

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Added on August 9, 2010, 10:16 pm1 question, what if the price suddenly drop to 4.95 which bypass 4.97.. Those buyer queing at 4.97 will not able to get to buy at 4.95 because they queue at 4.97?

This post has been edited by shanelai: Aug 9 2010, 10:16 PM

im using HLebroking.

its not possible to bypass 4.97.
you'd have to sapu all the 4.97 prices before u can get to 4.95. i.e. the sellers will sell to 4.97.. no more 4.97 buyers, 4.95 buyers.. 4.94 buyers.. etc. and that's how the price falls.

If the price dropped to 4.97 and there is seller sell at this price. may be the seller is not able to cope with the buyer at 4.97 and the price dropped to 4.95.. those remaining buyer wish to buy at 4.97 will enjoy to buy the price at 4.95 1st and then only for those queue at 4.95?

Get what i mean?

lemme try and get what ur trying to say.

the only way for this to happen is there's a wave of sellers, and the 4.97 buy queue gets wiped out to fall to the 4.95 queue.
buyers who still wish to buy at 4.97 will get the price at 4.97, because effectively they will be jumping queue.

so, this is what will happen.
1. 4.97 sellers will panic sell to 4.97 first, no more then sell to 4.95. stock price falls to 4.95.
2. buyers who wish to buy at 4.97, will buy at 4.97 (next best sell queue), price rises to 4.97.

the rationale for this is, when the price drops to 4.95, there will be sellers queueing at 4.97, while those sellers that are impatient will sell at the 4.95 buy queue (slowly sapuing it), so any buyers who want to buy at 4.97, won't be able to get the stock at 4.95, but will get the stock at 4.97, because there are sellers queueing at 4.97.

alternative scenario : if there are no sellers queueing at 4.97, but only at 5.00, a buy queue of 4.97 will be created, pushing the 4.95 queue to second place. sellers will then sell to the 4.97 queue instead of 4.95.

it might sound really hard to understand without pictures, but just try monitoring one of the active stocks tomorrow, say mudajaya. you'll get what i mean.

Haha, i think i got you... So eventually those buyer who wish to buy at 4.97 normally will get the priority instead of those who willing to buy at 4.95 eventhough the price is falling to 4.95. Am i right?

If this is the case, I got the same question. Use Tchong as illustration, Now got 10 lots queing to buy at 4.97. Ok, now the price really fall to 4.97 and there are 9 lots sold, left 1 lot not yet sold right? At this point of time, the price drop to 4.95, will the remaining 1 lot order who willing to buy at 4.97 still remain on the board or the order will be cancelled automatically?

haha good, yeah you're right. priority goes to whoever is willing to jump the queue and buyer higher/ sell lower.
the order will still remain as one lot. anyone who puts a sell order at 4.97 will only get a partial order match of 1 lot.

say im a seller, i place sell 10 lots at 4.97 but unluckily when it comes to my turn to buy, buyer only wants to buy 1 lot. so deal will automatically be done for 1 lot. at this point, the 4.97 buy queue will be wiped out, and next buy queue will be 4.95. so i'll be left in the 4.97 sell queue with 9 lots of buy @4.97, while other sellers will probably jump queue and sell at 4.95 to the next available buyer (at 4.95)

orders wont be cancelled. they'll remain but you'll get a partial match if there isn't enough quantity to match your order.

there's another scenario as well..

say i am seller B in the sell queue (i want to sell 50 lots). there's a seller A in front of me in the sell queue.. (because he placed the order earlier than me). he wants to sell 28 lots. in comes a buyer wanting to buy at our sell price. he wants to buy 60 lots. so the system will automatically settle the trades. he will take 28 from seller A in front of me, and 32 from me. so i'll be left with a partial trade done at 32 lots. with 18 lots left in the queue.

get it?

yeah.. got it dude... thanks for the info... Is it all the stock markets e.g. us stock, also same i.e. using queing system? seems like stock is quite a tough game. eventhough u had make a pip of profit but u still need to wait for buyer to buy the share you own..

im not sure about the us. but in UK, im pretty sure its something u see on the trading floor. traders yelling prices across to match etc.

u sound like forex player. stocks.. same thing lah.

Forex player will die of boredom in the share market.. it's snail-paced!

lolz.... meaning not exciting as forex?

i have being comparing brokerage rate from different invesment bank and broker house .... the cheapest i see is from jupiter but a little funny.....
they are not in the pidm list ... any reason for it ?