Stock Watch [Disclaimer: "by non-registered amateurs"]

[Swa]

What just happen to Choppies ??? -49 %

That nearly gave me a heart attack. Damn idiots selling for half price.

 

[d7e7r7]

Is there a way to set up an automatic buy/sell instruction on EE so that it will buy a share when it is a certain price and sell it again when it is a certain price?

 

[Hamster]

Is there a way to set up an automatic buy/sell instruction on EE so that it will buy a share when it is a certain price and sell it again when it is a certain price?

No. That's called a limit order and/or stop loss.

You pay for that stuff. Cheapest (if you're only dealing with ETFs) is ABSA's ETF Only account.

 

[d7e7r7]

No. That's called a limit order and/or stop loss.

You pay for that stuff. Cheapest (if you're only dealing with ETFs) is ABSA's ETF Only account.

Okay thanks. Is it simple to use? Is it just a matter of setting an order to buy if a share reaches a certain price and to sell if it reaches a certain price? Do the fees charged for this service negate any reasonable earnings one would make, making it not worthwhile?

 

[Swa]

Okay thanks. Is it simple to use? Is it just a matter of setting an order to buy if a share reaches a certain price and to sell if it reaches a certain price? Do the fees charged for this service negate any reasonable earnings one would make, making it not worthwhile?

Yes, with a stop loss you set a trigger and if it trades at or below that it sells at another price you set. You don't just put in a sell order because then it will sell whether it reaches that amount or not. Buy order you simply set the price you want it at.

 

[d7e7r7]

Yes, with a stop loss you set a trigger and if it trades at or below that it sells at another price you set. You don't just put in a sell order because then it will sell whether it reaches that amount or not. Buy order you simply set the price you want it at.

How does one lose money that way then if you set it to always sell at more than you buy for? Sorry for all the noob questions...

 

[Thor]

Yes, with a stop loss you set a trigger and if it trades at or below that it sells at another price you set. You don't just put in a sell order because then it will sell whether it reaches that amount or not. Buy order you simply set the price you want it at.

^^

This buy order is nice, good for days like today where good stocks take a bit of a beating like First rand was on special briefly.

 

[Swa]

How does one lose money that way then if you set it to always sell at more than you buy for? Sorry for all the noob questions...

People may simply not be willing to pay your price so it keeps going down and everyone keeps adjusting theirs down as well. You don't technically lose then but you're sitting with a stock that keeps devaluing and may take a long time to recover if ever.

The opposite can also happen, you set a price to buy that's too low while everyone keeps adjusting upwards.

 

[Hamster]

Okay thanks. Is it simple to use? Is it just a matter of setting an order to buy if a share reaches a certain price and to sell if it reaches a certain price? Do the fees charged for this service negate any reasonable earnings one would make, making it not worthwhile?

Not useful if you are a very long term investor (10+ years) imo. But useful to have, especially stop loss.

If you are a more active trader you definitely want it. You guys are getting bitten by EEs limitations because you're using it in a way it's not meant to be used.

But it's cheap so the losses you are making because of EE's platform is probably much less than the transaction costs etc that comes with a regular platform (provided your transactions are small amounts).

Wonder if EE will eventually add this though...

 

[Swa]

Does ABSA's ETF account allow you to analyse and get quotes on other instruments as well or is it limited to only ETFs?

 

[Hamster]

People may simply not be willing to pay your price so it keeps going down and everyone keeps adjusting theirs down as well. You don't technically lose then but you're sitting with a stock that keeps devaluing and may take a long time to recover if ever.

The opposite can also happen, you set a price to buy that's too low while everyone keeps adjusting upwards.

A benefit of trading ETFs: the market maker guarantees liquidity

 

[Swa]

A benefit of trading ETFs: the market maker guarantees liquidity

Liquidity yes, but not price. They won't sell to you for a lower price if everyone's buy and sell orders are above that.

 

[Hamster]

Liquidity yes, but not price. They won't sell to you for a lower price if everyone's buy and sell orders are above that.

Well yeah, you buy at market price and they'll buy back at NAV I think, not the market price... Or something along those lines. Had an incident with CoreShares with regards to this not too long ago - can't remember exact details

 

[Greglsh]

What do you think of Jubilee, could it be a good buy?

 

[Swa]

It's been 3 days now and google is still not properly updating Pembury or letting me include it in my port. How long does it normally take?

 

[e4et]

Recommend something cheap to grab, while there's a chance ?

 

[aidenmark]

Recommend something cheap to grab, while there's a chance ?

*not a financial advisor*

CRD and SGL are quite cheap at the moment
NFEMOM is also lower atm
waiting for the end of the week to keep an eye on the banking shares, maybe some capitec or nedbank

 

[HunterNW]

Recommend something cheap to grab, while there's a chance ?

Just something cheap or something cheap that will make money ?

 

[HunterNW]

https://www.moneyweb.co.za/mny_sens/coal-of-africa-limited-acquisition-of-the-uitkomst-colliery/

CZA - watch this space ?

 

[rietrot]

*not a financial advisor*

This "disclaimer" is already in the thread title. We are all just random people on the Internet.