posted
Hey I'm really new to all this, but one day I decided I some money just sitting that I wanted to play around with. I made some with EMKT when I bought 100,000 shares at .0001, and it went up to .025. Now my problem is I have handful of picks just like it, the charts have these regular spikes, the only problem is that I can't ever seem to pick up any shares at the .0001 price. I don't really understand why not, like I said I'm new to this and they don't teach this type of trading in my high school econ class. Anyways I was hoping someone would be able to tell me why its so hard to fill these orders. Thanks.
Posts: 35 | Registered: Aug 2004
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posted
Probally the MM's are keeping you from getting it at those prices. You might want to subscribe to a L2 service so you can see the spread on the stocks. Alphatrade has one for pinks.
Posts: 237 | From: CT | Registered: Jul 2004
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quote:Originally posted by vijay12: Hey I'm really new to all this, but one day I decided I some money just sitting that I wanted to play around with. I made some with EMKT when I bought 100,000 shares at .0001, and it went up to .025. Now my problem is I have handful of picks just like it, the charts have these regular spikes, the only problem is that I can't ever seem to pick up any shares at the .0001 price. I don't really understand why not, like I said I'm new to this and they don't teach this type of trading in my high school econ class. Anyways I was hoping someone would be able to tell me why its so hard to fill these orders. Thanks.
So you just wanted to play around with $10! LOL.
------------------ My future so bright...I gotta wear shades!
posted
Vijay, What Poot said above is true. You need to get a L2 (level 2) quoting service. Every stock out there, at least theoretically, has a bid and and an ask. The .0001 price that you see is the bid price, or, the price you can sell it for. With pink sheet stocks, you can't see the ask, or, the price you would have to pay to buy it. Without a level 2 service, all you can do is bump your order up incrementally until it either fills or it becomes too costly in your opinion to buy.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
VIJAY What type of trading instruction dp they teach in econ class ? Depending on this responce I might have additional ideas. VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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