Make no sense to me

[betterinvestmentthanshare]

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

 

[StewyD32]

It's the big boys testing the market uptake.

 

[scott_reeve]

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.

 

[66rounds]

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.

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

 

[scott_reeve]

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]

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.

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