Make no sense to me

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

  1. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

    Joined:
    Apr 26, 2014
    Messages:
    345
    Likes Received:
    112
    Trophy Points:
    43
    Location:
    Western Australia
    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

    Joined:
    Nov 11, 2016
    Messages:
    998
    Likes Received:
    537
    Trophy Points:
    93
    Location:
    Western Australia
    It's the big boys testing the market uptake.
     
    willrocks likes this.
  3. scott_reeve

    scott_reeve Active Member

    Joined:
    Nov 13, 2012
    Messages:
    384
    Likes Received:
    150
    Trophy Points:
    43
    Location:
    Australia
    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

    Joined:
    Jun 22, 2019
    Messages:
    2,004
    Likes Received:
    2,104
    Trophy Points:
    113
    Location:
    Melbourne
    I wish you would host stock market classes or write a book. I'd be all over that.
     
    Shaddam IV likes this.
  5. scott_reeve

    scott_reeve Active Member

    Joined:
    Nov 13, 2012
    Messages:
    384
    Likes Received:
    150
    Trophy Points:
    43
    Location:
    Australia
    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.
     
    66rounds likes this.
  6. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    2,004
    Likes Received:
    2,104
    Trophy Points:
    113
    Location:
    Melbourne
    Consider a patreon, something like wallstformainstreet does. I would pay for a membership where I can see what you trade and mirror you
     

Share This Page