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Q&A, General question on stock market
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tweakity
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 Mar 16 2008, 10:01 PM
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Getting Started
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Hi guys. this might be a little out of topic, but i hope someone can help
-the senario-
let's say i buy a share at RM1.00... then after it has reached RM1.10 i decided to sell... using online trading service, key in sell at RM1.10. then transaction confirmed...then queued up....then Q up 10 mins already still got sold yet, price dropped to RM1.05. not sure if my order will be sold at RM1.05? or will keep waiting until price go up to RM1.10 again.
-the senario-
i read from some post in another thread that m'sian online trading services (HLe, that guy using) don't allow you to cut loss, because once you set selling price, the shares will be sold off instantly. Can i use this method? by selling at RM1.00, then any price at or more than RM1.00 will be sold?
if not, will have to chase after selling price and lose the best selling price.
hope someone familiar with HLe can help.
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tweakity
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Mar 18 2008, 06:28 PM
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Getting Started
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QUOTE(cherroy @ Mar 16 2008, 10:26 PM) If you queue at 1.10 but not matched then the Q will leave it at 1.10 unless you cancel it or expired (market close all Q automatically being cancelled). It won't be sold at 1.05, as your order is at 1.10. If you key in selling/buying price then being matched then it is considered the transaction being completed, otherwise (not yet matched) you can cancel your order at any time as you wish and re-key in the new order. I reckon you are not familiar how trading being done.\ There is no automatical selling/buying mechanism, you need to key in you exact order and price you want to trade. i know it won't be sold.... but i wanted to test if i queue up at RM1.00 instead of 1.10.... Q Q Q if price drop to 1.05, will it sell. because 1.05 is still more than 1.00. I queue at RM1.00 instead of RM1.10. because if this can work, i straight key in RM0.80 then confirm sell. given that i monitor the price....really drop until RM0.80 die already. ^^ because cancel order, then queue at RM1.05 again...key in key in halfway drop to RM1.00 already...zzzz..... if need exact amount then too bad.... online trading so slow....cannot set different conditions too. no wonder cheap cheap. ^^ |
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tweakity
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Mar 20 2008, 11:14 AM
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Getting Started
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QUOTE(cherroy @ Mar 18 2008, 11:16 PM) Ok I see. But with this kind of strategy, you might risk if no or not enough queue in the buyers, you order might be done at 0.80. It can happen only those low liquidity stock. There is another kind of order called, 'also sell/buy', I don't think online system got it currently. In manual order of remisers key in one, you can do it, aka take the best bid or ask and done straight away. Only occassionally when market is so volatile until above mentioned scenario will happen. Price generally won't move so fast one in normal trading day. In those kind of volatile session, the best solution is take up the phone and tell your remisers to 'key in' the 'also sell/buy' order. Yeah... that's what i meant. My online trading is too slow. i always miss the best price... if current price is let's say 1.00, i key in 0.80..... then dropped to 0.95.... it will be sold at 0.95 right? not 0.80 i hope? can i tell what online trading service i'm using here? so you guys who used it before knows exactly how it operates. |
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tweakity
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Mar 23 2008, 01:00 PM
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Getting Started
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QUOTE(cherroy @ Mar 20 2008, 02:08 PM) It will be done at 0.95, but it depends on the buyer queue quatity also. If you order is more than the buyer cummulative, it will be done at 0.80. But what if suddenly the 0.95 buyer queue being withdraw then left with 0.85, then your order will be done at 0.85. You can tell us which online trading service you are using, no problem with that. 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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