Make no sense to me

Discussion in 'Stocks & Derivatives' started by betterinvestmentthanshare, Mar 16, 2020.

  1. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    Noticing a lot of single volume trades parked on BHP.
    EG: 1 x $25.80
    It doesn't make sense when it cost $10 brokerage fee
    Can anyone explain this please.
    Cheers
     
  2. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    It's the big boys testing the market uptake.
     
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  3. scott_reeve

    scott_reeve Active Member

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    Algorithm bots. They are a cancer. The big firms that use them have some sort of deal (I believe) to be able to use them on the ASX. They don't pay individual brokerage for each 1 or 10 shares traded, they pay some other bulk fee to use this 'privilege'.

    It just floods the Course of Sales to make it harder for people to see the order flow.
     
  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I wish you would host stock market classes or write a book. I'd be all over that.
     
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  5. scott_reeve

    scott_reeve Active Member

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    Thanks for kind words, although I do not know a lot of things still! Just spend a lot of screen time each week looking at the markets.
     
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  6. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Consider a patreon, something like wallstformainstreet does. I would pay for a membership where I can see what you trade and mirror you
     

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