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Do brokers use limit price orders for profiteering?
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sheep
#21 Posted : Thursday, October 14, 2010 10:09:57 AM
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Joined: 7/24/2008
Posts: 781
..I always put my orders at market...hii mambo ya limits doesnt go well with me...I just want to get over with as fast as possible and focus on something else.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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guru267
#22 Posted : Thursday, October 14, 2010 10:16:06 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
sheep wrote:
..I always put my orders at market...hii mambo ya limits doesnt go well with me...I just want to get over with as fast as possible and focus on something else.

If you do this with an illiquid stock you may find one seller in the market asking for 10% higher than the current price...

If your order is a market one your broker will be happy to oblige at this high price... Same goes for when one is selling
Mark 12:29
Deuteronomy 4:16
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FundamentAli
#23 Posted : Thursday, October 14, 2010 10:41:14 AM
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Joined: 11/4/2008
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Location: Nairobi
This is not possible unless they can manipulate their accounting system which is linked to transactions. CDSC also give you an sms alert at close of business
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kanda
#24 Posted : Tuesday, December 07, 2010 12:35:20 PM
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Joined: 3/10/2008
Posts: 68
i read somewhere that market orders should cost less than limit orders. which kenyan broker has such an offer? and which one handles stop loss orders and trailing stop orders
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