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Everything posted by money

  1. A more general question: I would like to download some basic info on all stocks listed on the ASX. I have found a source that gives you the end of day share price for all stocks. I'd like something similar that also gives you dividends, franking, EPS, etc. Is there such a thing? It's easy enough to get for one stock at a time via google, but I'd prefer to be able to download everything at once.
  2. I installed L2 dealer and tried clicking on the charts button, but it said that was not available for my account. I'm also still confused about what the fees might be for using it, including the fees for a CFD account, if that is what I need.
  3. Thanks James. Getting back to the L2 dealer thing, it says to contact you guys about fees for data usage. If I use it to find detailed information on trades on the ASX, will I get charged data fees?
  4. Is there a way for me to have several working orders (bids to buy shares) whose total value is greater than my available funds, on the assumption that not all of them are going to be filled, and they stop getting filled when the funds run out? Also, is it possible to place a bid that will stay open for more than one day?
  5. The validate trades thing does not work. Note that I place a trade from the trading platform, not from a graph. Why is the lowest "last traded" value for a day usually lower than the lowest "ask" price? Is the ask price only for unfilled sell orders? I had a chat with an IG staff member about why my bid was not filled one particular day, and he explained that although the lowest last traded price was equal to my bid price, I had to go by the lowest ask price, which was slightly higher.
  6. I am buying individual stocks on the Australian Stock Exchange (ASX) via a share trading account. It's open weekdays 10am to 4pm, Sydney time.
  7. Thanks. I'll check out the bitcoin link. If the ASX closes daily at 4pm, and I re-enter a bid at 5pm for the next day, does it get lodged with the ASX at 5 pm, or when the exchange opens again the next day at 10am?
  8. If there are multiple bids at the same price, how does the ASX decide which to fill first? I have an Australian share trading account. Can you please run me through the steps to do the equivalent of purchasing AU$5000 worth of bitcoin, and the fees/costs involved?
  9. Thanks for the detailed response James. See screenshot attached for validate trade thing. "On a share dealing account this should be the last traded. What does "last traded" mean? "If you have a share dealing account you can get the L2 Dealer and look at time and sales, which gives far greater colour to the 'last traded' volumes. How do I get one of those? "You should be rejected and asked to bid appropriately. Doesn't happen. The bid is accepted. For example, I have current bids pending at $1.306 and $1.106, but the ASX only allows bids in $0.005 increments for shares valued up to $2.
  10. If you buy all your stocks at 5% lower, then at the end of your trading career you end up with 5% more money, if you hold those same stocks for the entire duration. For multiple buys and sells, it multiplies. My main agenda is long term investing, but I obviously want to buy as low as possible, and start by selecting undervalued stocks. Once I've selected the stock, it is not so much a question of timing but of bid price. You bid a bit lower than the current price, and with the random daily movement there is a good chance you will pick it up at that price. The lower the bid, the longer you wait. The risk is that as you bid lower you never buy the shares, they rise, and you miss out on that. But, then you just look around for another similar opportunity. There is also a risk you have an open bid while the company announces a profit downgrade - does that normally happen out of trading hours? So, how do I manage that trade-off rationally? I'm guessing it has something to do with how low the price is below what I think the fair value is. The bigger the bargain, the more urgent the purchase. The smaller the bargain, the less I care if I miss out. This needs to be somehow traded off against the volatility. The higher the short term volatility, the further below the current price I should bid. I haven't made many purchases, but so far I have always bid too high (with hindsight), except for one stock that got away from me, I panicked and raised my bid, and ended up buying at the top of a short term spike.
  11. For a share trading account: What happens if I bid higher than the asking price - eg I accidentally put in an extra zero? I ticked the validate bid box, which I found in chart settings (it's a global setting, apparently) but I don't think it did anything. What is it supposed to do? What is the "last traded" plotting option in charts? I would like to see a chart of actual trade price, but according to IG staff that's not what the last traded price is. If I bid at a price step finer than that specified by the ASX, does IG round my bid off? Where is the evidence that I actually own the shares I buy? Will IG send me a yearly statement for tax accounting that I can hand to my accountant to sort out? Why can't I buy bitcoin without a leveraged account? Can I set one up without actually borrowing any money or incurring fees? If I buy bitcoin, will IG keep track of the technical details of ownership (those codes, or whatever you receive...)?
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