Here is the trap Brokenandhungry.
In the situation you mentioned above is where you picked the top or bottom of a market perfectly.
Lets say you had 1000 shares at $1.00.
Mrs Retail A buys 500 ($500)
Ms Retail B buy 498 ($498)
Then the share price moves down to $0.99 and continues downward.
You order remains open @$1.00 for the last 2 shares you had in the order.
If you wait it out then you will pay the broker (for example) $20.00 for the trade, even if it takes 6 months to complete. HOWEVER, if you change or amend the order, often they will charge you a further $20.00. This effectively means you have made an $18.00 loss on a trade of $1.98.
Hope that makes sense.
The wordage in written form seems far more complicated than if we were talking face to face.
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Last
$4.54 |
Change
-0.110(2.37%) |
Mkt cap ! $854.3M |
Open | High | Low | Value | Volume |
$4.68 | $4.81 | $4.51 | $2.401M | 515.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6000 | $4.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.56 | 1560 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6000 | 4.520 |
1 | 241 | 4.510 |
5 | 2332 | 4.500 |
1 | 1000 | 4.460 |
1 | 5000 | 4.430 |
Price($) | Vol. | No. |
---|---|---|
4.610 | 389 | 1 |
4.660 | 87 | 1 |
4.700 | 5000 | 1 |
4.710 | 1000 | 1 |
4.760 | 1957 | 1 |
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