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Standard Chartered - Only Online Trading in town with no minimum commission

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Old 24-02-2015, 12:14 PM   #3496
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I don't think it's possible. What kind of sell order did you use?
The limit order or the stop-loss?
is there diff. between using normal Sell order to Stop loss ?
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Old 24-02-2015, 12:55 PM   #3497
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Yup, a big difference.
Normal sell order or limit sell order will only execute when the price is above that number you set.

Stop loss, is the price where your sell will be triggered, meaning you are ready to sell at all cost at this price and below( BUT!! this low price has a floor, which is set by your lowest selling price) Any price below this lowest selling price would not be executed.

E.g. you wanna sell Singtel, stop loss at 3.95, lowest at 3.93.
In this case, your stop loss will be triggered once singtel price falls to or below 3.95. It will attempt to sell between the price of 3.95-3.93. Let's say singtel falls from 3.96 to 3.92, your order will not be executed.

Why have this? To prevent huge losses.
The standard sell can execute your 3.95 and below already. Meaning, if you die die wanna sell, set a low enough price and it will confirm be sold.
The 'stop loss, lowest' set a floor which if the price fall too much, you would rather hold the share then sell at this lousy price.
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Old 24-02-2015, 03:27 PM   #3498
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I put in an order for a stock at 0.315 but bought at 0.310

Is this because seller decided to sell at 0.310 and I am the next closest bidder?
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Old 24-02-2015, 04:05 PM   #3499
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I put in an order for a stock at 0.315 but bought at 0.310

Is this because seller decided to sell at 0.310 and I am the next closest bidder?
Yes.

It buys equal or at the lowest possible price than your stated price when you use a limit order, the reverse holds true.

When the seller set a lower price, the trade immediately goes through when there is no one offering a same or higher price in the queue in front of you already.

That is to say no one is offering to buy at 0.31, and no one is in front of you in the queue at 0.315. You are the next highest bidder, so you get it.
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Old 24-02-2015, 06:36 PM   #3500
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Yes.

It buys equal or at the lowest possible price than your stated price when you use a limit order, the reverse holds true.

When the seller set a lower price, the trade immediately goes through when there is no one offering a same or higher price in the queue in front of you already.

That is to say no one is offering to buy at 0.31, and no one is in front of you in the queue at 0.315. You are the next highest bidder, so you get it.
Thanks.

So in other words if I were to set the selling price to be at 0.315 but the only offer price is 0.310, does this mean that the transacted price will be 0.310 then?
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Old 24-02-2015, 09:34 PM   #3501
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Thanks.

So in other words if I were to set the selling price to be at 0.315 but the only offer price is 0.310, does this mean that the transacted price will be 0.310 then?
To put it simply for limit orders at $x, as a seller you would not want to sell any amount below $x, while as a buyer you would not want to buy any amount above $x.
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Old 24-02-2015, 10:37 PM   #3502
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When selling, what's the difference between limit order and market order?
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Old 24-02-2015, 10:38 PM   #3503
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When selling, what's the difference between limit order and market order?


What's the difference between a market order and a limit order?
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Old 24-02-2015, 10:46 PM   #3504
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Ah... For instance if I buy a stock today at $200 but I want to instruct the brokerage to sell at $210, what do I do? Key in a limit order and put in the price at $210?
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Old 24-02-2015, 10:47 PM   #3505
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SCB has removed market order.

Simply, market order is buy at any price the market has on offer.

Limit order is you set a price and the transaction only goes through if there is a better offer than your price.
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Old 24-02-2015, 10:50 PM   #3506
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SCB has removed market order.

Simply, market order is buy at any price the market has on offer.

Limit order is you set a price and the transaction only goes through if there is a better offer than your price.
So in other words, base on my below illustration, I should set my limit order at $210?
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Old 24-02-2015, 10:51 PM   #3507
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Yes key in at $210

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Old 24-02-2015, 11:42 PM   #3508
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Yes key in at $210
Thanks man! Just created my SCB acc..
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Old 26-02-2015, 01:48 PM   #3509
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Having said that, the last time i transferred from CDP to SCB, they didn't charge me the transfer fees. I guess it will be more strictly enforced if you transfer the shares out from SCB to CDP. Hope this helps!
Just checked at SCB branch, they'll charge transfer fee for CDP to SCB.
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Old 26-02-2015, 02:03 PM   #3510
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Just checked at SCB branch, they'll charge transfer fee for CDP to SCB.
yup. not worth it. just sell and buy. Unless your per counter holdings is huge.
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