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19:26
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Originally posted by antibody
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Sorry, you need to educate yourself as to the workings of HFT (high frequency traders). These parasites are licensed to trade on the ASX through direct cable conduits connected to ASX servers that give them a speed advantage over all other traders. In other words they will "get ahead" of your retail trade every time by pushing or pulling market bids unless stronger big players can dominate the live market through the sheer weight of their available resources.. So you can just forget about the 1 unit trades right now - and forget about the trade cost (compared to CommSec). Mate it just doesn't work that way, you are living in the past. They don't pay any fee on their trades - they have a "bulk" client arrangement with the ASX.
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I forgot to say If you want to steer clear of this problem altogether, stick to the main arena listed companies: Telstra, BHP, Banks, Woolworths etc. You get the drift. But you still might come across some of those 1 or 2 share trades now and again. They are called "pings" - get it? It's like a ship going over shallow water, they use a sonar ping to find out how deep is the water or maybe finding a fish school. Same thing - and waiting for a response to come back - and they can afford to send out thousands of pings, they are virtually free. No CommSec fee.
