FIRST OFF ITS EASIER FOR ME TO RESPOND IN CAPS DO NOT TAKE IT AS SHOUTING crystalvoyager, firstly you'll be pleased to know that i've taken my medication so nice and calm now. SERENITY NOW BEER IS BETTER THAN MEDS
Name one illegal bot trade ? how about when I was trying to sell UNS a few weeks ago...a bot appeared seconds after I put my order on at $1.24 and undercut me at 1.235, same thing has happened in dozens of stocks, I put a buy or sell on, and a bot materializes from off the screen and plants itself in front of my bid with one or multiple bots for a zac's worth. WHO IS ZAC ALSO ILLIQUID STOCKS YOU WANT IN OR OUT GO MARKET PRICE QUIBBLING OVER .005C IS A WASTE OF TIME PLUS WHAT YOU DESCRIBE IS NOT ILLEGAL
That's what I call manipulation, it's interfereing with the natural market forces, DONT SELL DONT CHANGE YOUR BID IF YOU BELIEVE IN COMPANY STAY IN DONT CHANGE YOUR BID, AS I HAVE SAID BEFORE BOT TRADING IS ONLY EVER POSITIVE IN 3-6 MONTHS IF YOU ARE TRADING A STOCK AND DO NOT HAVE THAT TIME FRAME GET OUT THERE IS ALWAYS ANOTHER TRADE TO MAKE.
why should a bot wanting 40c worth of stock get priority over someone selling 10k's worth, just because he has the ability (I don't)and the blessing of ASX to do so by shoving a joke bid in front by a tick because no one else is there. PLACE YOUR OWN BID BE IT BUY OR SELL STICK TO IT AGAIN ILLIQUID SMALL CAPS there are ONLY SO MAY BUYERS/SELLERS.
Also if you check your comsec contract notes , you will see that yes...brokerage is $19.95, plus $1.95 GST which the point I was making,
NO Brokerage is 19.95 inc GST it is illegal to quote a price without gst
if say you are buying ELK at 15 cents, but cant get a hit and a seller offers say $200 worth at 15.5, you have to move the whole order up to stay at the one brokerage, if you just want the $200 worth or whatever piddly amount it may be, a separate brokerage applies...that's what I mean about comsec not breaking up orders.
IF I PLACE A BUY OR SELL THROUGH COMMSEC THEY WILL FILL IT PARTIALLY TILL I GET FULL AMOUNT UNTIL I CHANGE ORDER.
If you want to buy ELK at 5 different price levels, you cant do it under the umbrella of ONE order, it's 5 orders, I have checked this out more than once in case the rule changed. They can come to YOU then it's one brokerage, different story if you chase them in bits and pieces, unless you move the WHOLE order. The only way around it is hit the bid with full order and if the rest doesn't get executed immediately, you can move it back to where it was, that's the only way to do it for 1 brokerage.
YEAH YOUR RIGHT THATS WHY THE BROKERS PAY LARGE AMOUNTS OF MONEY TO DO IT PLUS KEEP YOUR ORDER OPEN YOU DO NOT HAVE TO SELL IMMEDIATELY YOU MAY GET FILLED IN A FEW DAYS TIME IF YOU WANT OUT
Ahhh the medication has really relaxed me nowwww. HAVE A BEER INSTEAD And finally, yes many brokers and their staff read hot copper, I personally know of two that post on HC, WELL NOW WE ARE TALKING REFER HC GUIDELINES YOU ARE WORRIED ABOUT EVIL COMPUTER PROGRAMS BUT UNCONCERNED BUY BROKERS & THEIR STAFF POSTING ANONYMOUSLY ON HC LET THE MODS KNOW OBVIUOSLY ITS NOT A FAIR PLAYING FIELD IF THEY ARE SPRUIKING STUFF WITHOUT EVERYONE ELSE KNOWING WHO THEY ARE, WHICH OBVIOUSLY YOU ARE A PARTY TO.
and there is no doubt that they use daytraders as their suckerbait, would not be surprised if a few teams work here ramping stocks to the great unwashed (myself included) nicknames are a dime a dozen, as are IP addresses and proxies. A broker I used 10 years ago actually told me about hot copper, I didnt even know it existed back then.
TOTALLY AGREE CONCENTRATE ON THAT BUT ALGO TRADING HAS NOT EVEN STARTED IN AUSTRALIA YET AND YOUR MEDICATION BILLS ARE LIKELY TO GO UP BIG TIME ONCE CHI X ENTERS HOWEVER REFER THE COMPANIES TARGETED IN US THE LIKES OF ELK ARE NOT PART OF IT.
This thread could get long, might need a tie-breaker. You'd be negative too if you saw the state my shares are in, gees i'd better take another mogadon that coffee negated the effect of the last one. PERSONALLY I PLAY THE SMALL CAPS THE STATE OF YOUR PORTFOLIO IS NOT DOWN TO ALGO'S JUST YOUR OWN CHOOSING HERE IS A COUPLE OF FUNDAMENTAL SOUND COMPANIES TO ACCUMULATE IN THE DOWN TURN WITH NO EVIDENCE OF ALGO TRADING, BHP MND UGL MND TRS JBH RIO THERE IS EVEN MORE IF YOU SPEND YOUR TIME SMARTLY LOOKING FOR THEM
SERENITY NOW SERENITY NOW HAVE A GOOD ONE BEER NEEDED
