buying before open, page-3

CommSec earlier said they needed someone to sign off NEW orders before they can be placed onto the market which is the delay - specially when very busy.


Whilst quick - usually, is NOT quick enough for successful bid during the open (or close) sessions.



Suggest place NEW orders at price where happy if exercised, before market goes into open (close), this allows processing of your NEW order so it appears within your orders pending so is on market board.



After NEW order shows as accepted, as on market PENDING, you can change your bid price to where you want it placed.


Limits to price ranges for ordinary traders, seem to be 20 steps/ticks from last trade; Steps look like actual prices with orders placed, whilst ticks appear to be steps at the mimimum allowed price changes.





Changing EXISTING order prices occurs much quicker, appears almost immediately.