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21-03-2014, 01:48 PM
This may sound like a newbie question, but well, it's a newbie thread! 
I was trying to buy 11 lots (worth $10k-ish) of a particular stock, however, it had low volume. So in the end I only got 5 lots.
As I'm using cash upfront via DBS, I was still charged $18 commission on the 5 lots, even though the order wasn't complete.
Question: What could I have done to avoid that? How could I ever buy into a particular stock if it has low transaction volume?
From what it seems, even if I think I've found a good stock, many others would have found it too, bought it and held on to it, resulting in low liquidity.
From what I know so far, one way to avoid this situation is to use SCB to buy shares. If I still wanted to stay with DBS because of the low commission, is there any other alternative to buy all 11 lots or nothing, instead of partially filling it?
Cheers
I was trying to buy 11 lots (worth $10k-ish) of a particular stock, however, it had low volume. So in the end I only got 5 lots.
As I'm using cash upfront via DBS, I was still charged $18 commission on the 5 lots, even though the order wasn't complete.
Question: What could I have done to avoid that? How could I ever buy into a particular stock if it has low transaction volume?
From what it seems, even if I think I've found a good stock, many others would have found it too, bought it and held on to it, resulting in low liquidity.
From what I know so far, one way to avoid this situation is to use SCB to buy shares. If I still wanted to stay with DBS because of the low commission, is there any other alternative to buy all 11 lots or nothing, instead of partially filling it?
Cheers