If you are trading stocks listed on the Big Board, then you have to note that the specialist can often take a few minutes from the opening bell before filling orders. If it is a NASDAQ-traded stock, then a market maker may take a minute, or it will execute automatically (though keep in mind that if your order is in before 9:20am Eastern, you are assured the opening price). Either way, you might as well let your order be for the first few minutes of trading. Further a specialist or market maker is NOT obligated to let you out of a pending cancel if the order is due a fill. It would be a courtesy only.
The only other issue is whether your order is actually even due a fill at all. If you are offering stock at $25.75, and someone else is offering $25.70, then you are not even due an execution until the stock at $25.70 has sold (as well as everything in between there and your order). Make sense? So you want to see where the stock is offered before fretting about your own fill.
If you are the offer, then you may need wait to see whether anyone wants to trade with you at the level you specify.
Hope this helps.
American stocks do trade overseas (sort of), but the bid/ask there may or may not reflect the bid/ask of domestic exchanges. Stocks tend to reflect foreign trading prices once the market reopens the next day, but there is no requirement that the first trade price of any trading day reflects the prior day's close. The only thing the price reflects is what investors think a stock is worth at that very moment.
The biggest factor is changes in investor demand while the exchanges are closed.
Hope it helps
http://money-review-site.com/investment.html
I prefer to go for weekend courses as it will not be possible for me to attend any on working days, I don't mind it being a Sunday too.
If there is an online course and I have to only attend an exam for the same, I don't mind going for that too!
Thanks.
You may also want to talk to other traders to find out what they think/use. Try:
http://finance.groups.yahoo.com/group/TradingZoom/
It's a free online stock picking group. We have a few Indian members trading US stocks.
1. If an option is selling for .15, that means it is 15 cents for the contract to put/call 100 shares right?
2. If I buy 10 contracts of .15, how much will that order cost? <see #4>
3. I know options can be traded before expiration, however, what is the volume like? On a small cap, that sees significant movement [3%+] in favor of my option, will I be able to unload it that day should I see fit?
4. I'm looking at an options chain for SNDK today. The $52.5 Nov-06 call last trade was .50 cents, with a volume today of 619. Does that mean that only $309.5 was traded in this option today?
thanks all!
2. 10 contracts = 1,000 shares. Multiply 1,000 by .15 and you get $150.
3. The volume will depend on many things, like if the option is in or near the money, how popular the underlying stock is, how close to expiration, how many contracts are outstanding, to name a few. In the scenario you mention above, you should be able to sell the option, but you have to keep in mind that there is a bid and an ask, and sometimes the bid doesn't move high enough to represent that whole gain.
4. That means that 619 calls were traded that day, it has nothing to do with the dollar amount (although if the all the volume was at the last trade price of .50 the total dollar volume would be $30,950).
Hope that helps!!
That is day trading. And if you do it more than 3 times within 5 consecutive business days the SEC will classify you as a pattern day trader. At which point you will have to have a margin account with a $25,000.00 minimum balance.
And keep in mind this kind of trading is risky. Even a good stock can turn against you without any warning, then take days or weeks to recover.
(Keeping in mind I am using penny stocks)
I am confused about money figures when it is LESS than a penny.
For example, 0.0001
How would you say this? Would you start out on the right at Ones, Tens, Hundreds, etc…so this would be said "One one thousandth of one dollar"? Someone I was talking to said no, it would be TEN thousandths. That isn't correct, is it?
Ok, that was one Q, the others are along the same line – - I just do not know how to figure exactly HOW MUCH we are talking about once it drops down below a penny (or should we say penny increments) Can you show me HOW to figure it easily? Thanks.
Can you help?
Someone also mentioned moving the decimal over to the right TWO points would tell you SOMETHING. Not sure what she was trying to say, though.
Thanks for any help you can give!!!
Secondly, you should probably not even attempt day trading at this point. You need to have a much better understanding of how this all works. Take some time, take a course, read some books, learn from some other traders, but whatever you do, don't try and trade penny stocks!!
In other words, is intraday trading more like setting chips on a roulette table?
Also, how much of the future (i.e., to what period of time in the future) is priced in to a currency? Does trading in anticipation of the future (speculation) create severe irrationality in price movements in currency? Is speculation a majority of the force behind currency price levels?
Technical analysis sometimes feels like meaningless, wishful thinking.
Also, how do hedge funds trade currencies? Which market do they go through (directly through banks and central banks?) or do they use the market makers that individual traders use?
What is the most theoretically (and practical) way to go about trading currencies? I don't mind sleeping 3 hours a day for fundamental analysis, I've done it- but am I winning for the reasons I think I'm winning?
Well, as I thinking of trading the forex on a daily basis, what time would be the best time to take closing price of a daily bar? Would it be 12 am?
Since you want to hold a currency pair for days, keep in mind that If you hold a spot forex position overnight then you may pay or receive what’s called the rollover fee.
Good luck