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 Q&A, General question on stock market

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Disciple
post Nov 20 2009, 01:06 PM

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QUOTE(skiddtrader @ Mar 18 2008, 10:48 PM)
I think his problem is he wants to throw his shares fast but because of the lag in the system, everytime he wants to sell at the current offered price, the prices drop just before his orders are executed. Meaning he sees the Buy orders at RM1.05 and he wants to sell all his shares, but due to lag of his online platform, before he complete his orders the prices already drop to RM1.00 and because of that, the system queue his orders at RM1.05 instead of the current buying price of RM1.00.

So in other words, he needs to cancel his queue at RM1.05 and then try to sell his shares at the current RM1.00 but again he feels frustrated because before he can put in his order for RM1.00, it drops to RM0.95 and so on and so forth.

So what he is asking is if he wants to throw his shares, he will anticipate the the lag of his online trading platform and put his sell order below the buying order so even if it lags, it will be sold to the highest bidder at that moment. So even if he keys in RM0.80 but the buy order is still RM1.00, his shares will still be sold at RM1.00 instead of his order of RM0.80.
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Hello, regarding this same scenario, I would like to ask if the buy order is still at RM1.00, and he keys in his queue at RM0.80, wouldn't it be matched immediately? He is selling his shares at a price lower than RM1.00.

So how come the shares are still sold at RM1.00? Is it because the queue matches the order at that price or better?
QUOTE(tweakity @ Mar 23 2008, 01:00 PM)
i'm using HLebroking. ^^
i've tried on friday. Price at 3.32... i Q at 3.30... sold at 3.32. so it will be sold at current price. cannot set too low, if price suddenly drop rugi a lot.
thanks for all the help guys...

what about buying Q? let's say current price 1.50... Q at 1.35... suddenly drop to 1.25. will it BUY at 1.25? hihi. using online trading need to maximize online services capabilities.
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I am a little confused about the matching of prices procedure and how its done. Referring to the bolded sentence. If we queue at RM1.35 and the current ask price is RM1.50, and when the price suddenly falls to RM1.25, wouldn't it buy at RM1.25? By queing the order at RM1.35, it means "Buy at RM1.35 or better right"? So if the order quantity matches the price, it will automatically buy at RM1.25 right?
Disciple
post Dec 16 2009, 05:06 PM

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yo wassup

1. just wanna clear some doubts here, when we want to buy shares, do we actually buy at the "sell" price, as in we buy at the price that people are willing to sell to us? vice versa for sell, sell at the "buy" price, the price where people are willing to buy. is that correct? as in buy at market.

2. and one more thing, what does the "last" price means? does it follow the "sell/ask" or "buy/bid" price?

3. what does LACP and REF means? last closing price and the last price for the last trading day?

This post has been edited by Disciple: Dec 16 2009, 05:07 PM

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