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Old 18th February 2011, 02:59 PM
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Default Problem Placing Volumes



Hello,

I'm new in online trading. I'm trying around since a couple of weeks with HDFC sec to learn their unfriendly user-platform. So far so good, but one problem I'm facing regular. I buy/sell shares mainly with Apollo Tyres and facing problems to come through in limit orders with 800-1000 shares a trade. Sometimes I'm not getting executed at all, sometimes partial and yes, sometimes it goes through smooth, even I have 3-5 orders, but that's ok. According to my understanding Apollo Tyres is not such a small stock, on NSE about 1.0 Mil Volume is quite normal, than why I have to fiddle around with some 1000 shares? My intention is to buy 5000 or 10000 shares, but I'm scared with this problem. How can this be solved? I'm not a day trader, this quantity mention above I like to buy on CnC or as Future, but with this rubbish I'm really scared. Is the problem with HDFC or do I something wrong? Or is it simply difficult to get a limited order through with 57.30? But how I can place an market order with 10000 shares? That's certainly not what I want, than I better quit here. .

Thanks for your advice
Regards
Andre
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  #2  
Old 18th February 2011, 04:36 PM
Sachin Asher
 
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What price do you place the orders at - best bid price, best offer price or last traded price?

Do you look at the order book before placing the orders?

If there are enough sell orders at and below the price at which you are placing the buy order, there is no reason why your order shouldn't get executed.
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  #3  
Old 18th February 2011, 07:02 PM
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Default

Thanks for your reply.

Now like I mentioned, I have not bought one future contract so far, because I still feel technical not fit. What is it I should look for the best bid price, best offer price or last traded price. Does this tell a story?

Now right now I'm just buying the stock on margin, mainly to get trained and no, I do not look at best buys and sells. It's not that I not really look at them, but thinks taking it's time, before I look, then I start placing an order that price has most of the times already changed and I'm not in, so if I feel if price comes to 57.30 next time I want to buy/sell, then I place my order at the time close to the value like 57.50 and then wait that thinks happens. Now I realized, that at that times if prices are matching finally, I'm not getting what I want - quite often frankly saying. Is there a good technique to enter the market with higher volumes? Can anybody might advice on this?

Thanks
Andre
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