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Well, Im a newbie and need some help. Where is the best place to get a membership to see the bids and asks going through and all the other data?
Ace of Spades
posted
For Penny stocks...this is all you need, Diddy...
I use Tdameritrade. So i can get al the Level II access I need right there?
Are ones that you pay for better?
Livinonklendathu
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Real-time streaming data Use the Streamer Suite to watch the market in real time with free streaming Level I Quotes. Plus, get access to Level II Quotes for just $9.99 a month and Streaming News for just $29.99 a month when you open a TD AMERITRADE account. Both are free for TD AMERITRADE Apex clients.
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I subscribed but when I open the level 2 window, it still only gives me level 1 info, maybe i need to call
kermit42
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TDAmeritrade does not have level 2 for pinks.
jdiddy
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aahhhh...ok so if I use TDameri for everything else...what would be the best place to see level 2 pinks?
Humbleman
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I have scottrade, is there ticker symbol price quotes good? Like, I don't want to put an order for 4 cents then have it jump to 8 cents. I don't want any delay whastoever, will my scottrade free quotes provide enough for me to make decisions like this? thanks for anyone who replies
js49886
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Humbleman, thats not how it works. Speed at which your order gets filled depends on a few of things... type of order & order parameters, amount of sellers & bidders,.... market conditions.
If you submit a plain market order for say 1000shares of a stock at .04, you will probably get it filled fairly quickly, but at whatever the best Ask price(premium,.. how bad do you want it), & you may get burned.
But, if you put in a limit order at .039, 1000 shares, All or None, & the ask is .041, with bid at .039 you will have to wait until it reaches those conditions... someone selling at .039 with 1,000 shares (market sell order most likely)...
But highest bids get priority, among them the ones that were submitted first (supposedly). If you put a limit order in at under the bid price, likely you will not get filled until the bid drops & someone sells it at that price.
Market is an auction, theres the bid price, & the ask price. If a stock is in immediate "demand" people will throw in market orders or limit orders at the Ask price, they will pay the premium to get it "Now", & depending on how many sell orders there are at that price, if the Buyers mop up the shares selling at the lowest ask, it will move up to the next lowest ask. Then if people then continue to buy at the ask move it will continue to drive up the price. Same idea with the bid. If the ask moves down & or a lot of sales are going through at the bid price that means people are getting rid of it usually. Either a market sell order(goes to the highest bidder) or a limit order at the bid price.
It gets more complicated, there are a lot of situations where things can be different. But you get the general idea.
A stock quote is nothing more than the price of the last sale. Stock is not worth any more than someone is will to pay for it. Its supply Vs. Demnad, How bad do you want it?
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