I have been queuing for weeks to sell a stock. although the stock price that I asked has been hit on many days but yet my sell is not executed as I am always behind many others ahead of me even though I keyed in to sell the day before after the mkt closed. anybody got any suggestions? my broker is KE and DBSv.
If there are lots of queues, it is kinda impossible based on my experience, but I am sure others might be able to provide better advice.
What I have done is actually set a target for a sell and once it has reached, I will sell at .5 lesser than the current market price. It always goes through as I am selling lower than the market price.
Just wanted to share, not sure if it helps you. =)
(19-06-2014, 02:06 PM)Jacmar Wrote: [ -> ]I have been queuing for weeks to sell a stock. although the stock price that I asked has been hit on many days but yet my sell is not executed as I am always behind many others ahead of me even though I keyed in to sell the day before after the mkt closed. anybody got any suggestions? my broker is KE and DBSv.
If U think U must sell, just key in the buyer's asking price, it will go through immediately, no point Q'ing for days just for that little bit more.
If it is of any help, my understanding is trading order can be keyed in 30 mins after market closed, ie on or from 5.30pm for the next day trade.
Some people said the broker terminals has priority in keying in the order. Meaning their order will go in first than the online.
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Ask your broker to key in for you. Broker's queue is released first before retail's queue.
You should use Long Dated Order - Good till Day (GTD/ Good till Maximum (GTM). This is because your order will be in the order book for a specific number of calendar days or until the order is fully filled, which means you are ahead of those who put in normal limit orders the night before and before market opens. There is no use putting in limit orders the night before or before market opens. You will never get ahead of those orders in the order book.
d) Long Dated Order - Good till Day (GTD/ Good till Maximum (GTM)
Long dated orders allow clients to place an order that will stay in the order book for a specific number of calendar days or until the order is fully filled, specifically cancelled or the instrument has corporate actions, is de-listed or expired, whichever is earlier.
•GTD – Clients are required to insert a date that is within 30 days from the day the order is placed. If GTD is selected. In line with SGX’s regulatory rules, GTD orders that have an expiry of more than 30 calendar days from the day they were entered will be rejected by the system..
•GTM – These are orders that will stay in the order book for a maximum of 30 calendar days or until it is fully filled, specifically cancelled or the instrument has corporate actions, is delisted or expired, whichever is earlier. You are not required to insert a date as the order will expire 30 calendar days later.
There is no need to ask your broker to key in these orders. They are available on online platforms and you can DIY.
(19-06-2014, 04:19 PM)ghchua Wrote: [ -> ]You should use Long Dated Order - Good till Day (GTD/ Good till Maximum (GTM). This is because your order will be in the order book for a specific number of calendar days or until the order is fully filled, which means you are ahead of those who put in normal limit orders the night before and before market opens. There is no use putting in limit orders the night before or before market opens. You will never get ahead of those orders in the order book.
d) Long Dated Order - Good till Day (GTD/ Good till Maximum (GTM)
Long dated orders allow clients to place an order that will stay in the order book for a specific number of calendar days or until the order is fully filled, specifically cancelled or the instrument has corporate actions, is de-listed or expired, whichever is earlier.
•GTD – Clients are required to insert a date that is within 30 days from the day the order is placed. If GTD is selected. In line with SGX’s regulatory rules, GTD orders that have an expiry of more than 30 calendar days from the day they were entered will be rejected by the system..
•GTM – These are orders that will stay in the order book for a maximum of 30 calendar days or until it is fully filled, specifically cancelled or the instrument has corporate actions, is delisted or expired, whichever is earlier. You are not required to insert a date as the order will expire 30 calendar days later.
There is no need to ask your broker to key in these orders. They are available on online platforms and you can DIY.
good info. problem is both my online brokers(KE n DBSv) don't have this feature. time to look for another broker.
(19-06-2014, 04:25 PM)Jacmar Wrote: [ -> ] (19-06-2014, 04:19 PM)ghchua Wrote: [ -> ]You should use Long Dated Order - Good till Day (GTD/ Good till Maximum (GTM). This is because your order will be in the order book for a specific number of calendar days or until the order is fully filled, which means you are ahead of those who put in normal limit orders the night before and before market opens. There is no use putting in limit orders the night before or before market opens. You will never get ahead of those orders in the order book.
d) Long Dated Order - Good till Day (GTD/ Good till Maximum (GTM)
Long dated orders allow clients to place an order that will stay in the order book for a specific number of calendar days or until the order is fully filled, specifically cancelled or the instrument has corporate actions, is de-listed or expired, whichever is earlier.
•GTD – Clients are required to insert a date that is within 30 days from the day the order is placed. If GTD is selected. In line with SGX’s regulatory rules, GTD orders that have an expiry of more than 30 calendar days from the day they were entered will be rejected by the system..
•GTM – These are orders that will stay in the order book for a maximum of 30 calendar days or until it is fully filled, specifically cancelled or the instrument has corporate actions, is delisted or expired, whichever is earlier. You are not required to insert a date as the order will expire 30 calendar days later.
There is no need to ask your broker to key in these orders. They are available on online platforms and you can DIY.
good info. problem is both my online brokers(KE n DBSv) don't have this feature. time to look for another broker.
L&T has.
(19-06-2014, 02:44 PM)etan Wrote: [ -> ]If U think U must sell, just key in the buyer's asking price, it will go through immediately, no point Q'ing for days just for that little bit more.
Agreed.
Institutions are playing the game of 1st in queue, i suppose. It's very hard to beat them. But if your number of lots is large enough to make a price difference and you can afford to cue, why not join them at their game.