Share trading costs

Wag said:
With FNB and ***** scared. Bought 2 shares today and both of them are in the green after closing. Early days and still ***** scared
Click to expand...

I have this weird fear that I'm going to mistype a price and either overpay, or sell to cheraply by a factor of 10!
 
Yeh - I got a warning message yesterday that the trade has to go through some or other broker because its more than 3% of the reference price or some such.
 
Not having much luck :p I'm attempting to buy something relatively safe to get used to the process (Satrix) - but every day my offer isn't accepted, and I generally take what was the last sold price and offer the same :(

Strangely enough, its gone lower than my offer price today, and its still open.
 
xrapidx said:
Not having much luck :p I'm attempting to buy something relatively safe to get used to the process (Satrix) - but every day my offer isn't accepted, and I generally take what was the last sold price and offer the same :(

Strangely enough, its gone lower than my offer price today, and its still open.
Click to expand...
In the trade screen, refresh it. Select the "ruling price". Copy paste that into the price field and shave a couple of cents (2) off it. This generally means A) guaranteed loss of like R2 B) offer goes through fast. If your offer doesn't get accepted, cancel it & try again. Transactions costs only on successful trades. Also...somewhere in the settings you can make it send you an SMS on successful full trades and successful partial trades.

If you skip the shave a couple cents off step then its going to be hit & miss. More miss than hit. More hassle than its worth to me so I take the R2 hit.

Not sure why its still open though - are you sure you didn't select "good for the day". I cancel mine fast if it doesn't stick - I want the trade to happen when I'm watching it not 3 hours later.
 
Yeh... Click open for the day. Playing it safe at the moment with the Satrix ones I'm familiar with, so not expecting a major jump in price either way.

Will give your method a try tomorrow.
 
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