Buying vs. Selling Volumes

[Ben10]

How do i find out on a daily basis the volumes of sales of a particular stock compared to purchases? I use Etrade and when i go to market depth > last 10 trades, i am unable to tell what is what?? Anyhelp would be greatly appreciated

 

[Trembling Hand]

Re: Buying vs Selling Volumes



Not sure what you mean. For every 1 share purchased there needs to be 1 share sold?

 

[Ben10]

Re: Buying vs Selling Volumes

What i want to know is how do i tell if more shares are being bought or sold throughout the day.

 

[doogie_goes_off]

Re: Buying vs Selling Volumes

Ben10, methinks you are considerably confused, I am guessing you are looking at the 10 highest bids and 10 lowest offers that are currently in the market. These are not sales, you need to look at corse of sales to see what trades (1 purchase for one sale). Can someone help ben out with how to see this on e-trade. I suggest you do some serious research using the ASX site etc before you start buying and selling shares or you'll find out some very hard lessons. Hope this helps.

 

[skyQuake]

Re: Buying vs Selling Volumes

but it takes 2 parties to trade. 1 to buy and 1 to sell.

 

[Trembling Hand]

Re: Buying vs Selling Volumes

Ben

Number of shares bought MUST = Number of shares Sold.

 

[Timmy]

Re: Buying vs Selling Volumes

I think Ben may be looking for a separation of transactions that occur by sellers hitting the bid versus transactions that occur by buyers lifting the offer?

Just clarify your query a little if you can please Ben?

 

[Trembling Hand]

Re: Buying vs Selling Volumes

Timmy if that is the case unless you have sophisticated Proprietary software you carn't for the ASX.


If it wasn't the case then,

A man walks into the Bottle shop and buys a slab of beer.

How many stubbies were purchased? 24 (by the man)
How many stubbies were sold? 24 (by the bottle shop)

Number bought MUST = Number sold.

 

[Aussiest]

Re: Buying vs Selling Volumes

I think i get what you're saying Ben. You want to guage the number of people selling the stock (dumping it) vs. the number of people buying the stock (eager to have it). In other words, you want to see whether the stock is in demand or not (being bought vs. being sold off).

You can do this by looking at the daily candle chart in E*Trade. The red candles (usually black) indicate that the sellers are selling at the buyers nominated (bid) price (being sold off), whereas the green candles (usually white) suggest that buyers are stepping up to the mark and buying at the sellers 'ask' price, which means that the seller is in control.

Am i right? Can somebody confirm this for me?



Green candles (usually white) indicate that the buyers were willing to pay what the seller was asking, therefore, the share was being more heavily bought during this time. This is a snippet of a daily chart.

 

[tcoates]

Re: Buying vs Selling Volumes

Sounds like he wants to know -

* for a given parcel of shares.... the number of buyers who took up that parcel.

* whether there was one buyer, buying all the shares on offer.

How to do this. No idea.

Tim

 

[doogie_goes_off]

Re: Buying vs Selling Volumes

Sorry Ben I just did not understand your question. Methinks you are going to find out if you provide clarification. There are always plenty of helpers on ASF.

 

[Ben10]

Re: Buying vs Selling Volumes

I think i get what you're saying Ben. You want to guage the number of people selling the stock (dumping it) vs. the number of people buying the stock (eager to have it). In other words, you want to see whether the stock is in demand or not (being bought vs. being sold off).

You can do this by looking at the daily candle chart in E*Trade. The red candles (usually black) indicate that the sellers are selling at the buyers nominated (bid) price (being sold off), whereas the green candles (usually white) suggest that buyers are stepping up to the mark and buying at the sellers 'ask' price, which means that the seller is in control.

Am i right? Can somebody confirm this for me?

View attachment 23463

Green candles (usually white) indicate that the buyers were willing to pay what the seller was asking, therefore, the share was being more heavily bought during this time. This is a snippet of a daily chart.

CORRECT!!!

I am aware of candlesticks however these are displayed the next day after trading. I want to know if you can find out this information in real time?

For example on Etrade in the 'Last 10 Trades' section, if i see, say 10,000,000 @ $0.40, can i ascertain whether this is 10,000,000 shares that have been bought or sold?

Hope this is making sense, i am eating lunch at work while i type lol

 

[Aussiest]

Re: Buying vs Selling Volumes

The only way you can tell in real time would be to watch the order screen (market depth) and see the price action, eg, are the stocks being sold at the buyers designated price, or at the sellers designated price?

You could also do it if you had facilities for a daily, minute by minute chart, but it looks like E*Trades smallest time increment is 1 month. Correct me if i'm wrong?!

You may wanna try the ASX website, there may be a minute by minute charting facility there. Not sure though...

Actually, just had a look. They've only got daily charts as far as i could tell. Perhaps with a bit more searching, you could find something...

 

[Trembling Hand]

Re: Buying vs Selling Volumes

I am aware of candlesticks however these are displayed the next day after trading. I want to know if you can find out this information in real time?

Not true you can have live data down to sec periods for candle charts

For example on Etrade in the 'Last 10 Trades' section, if i see, say 10,000,000 @ $0.40, can i ascertain whether this is 10,000,000 shares that have been bought or sold?

It doesn't really matter. As they were both bought by someone and sold by someone else. How are you going to take any info from that?

The only thing you can take from that is if the price was higher or lower from previous sales. thats what intraday charts are for. 1 transaction in isolation means nothing.

 

[motorway]

Re: Buying vs Selling Volumes

http://stocknessmonster.com/

Select trades ( not quote )

enter ticker eg BHP

Read the action trade by trade from the bottom

green + and red -

it is delayed though


motorway

 

[Ben10]

Re: Buying vs Selling Volumes

Thanks for your help guys

So stoked i found ASF

 

[Aussiest]

Re: Buying vs Selling Volumes

I just realised that Trembling Hand will probably come back and say "that's 10,000,000 shares that have been bought and sold"!

But, you wanna know whether the buyer or seller determined the price . I really just wanted an excuse to use that emoticon :

 

[Aussiest]

Re: Buying vs Selling Volumes

The only thing you can take from that is if the price was higher or lower from previous sales. thats what intraday charts are for. 1 transaction in isolation means nothing.

Yes, true. :

 

[Ben10]

Re: Buying vs Selling Volumes

^ hahaha

 

[Wysiwyg]

Re: Buying vs Selling Volumes

^ hahaha

If you want real time data (course of trades, charts et cetera) then Etrade Pro has this real time.Cost is about $70/month and less if you trade stock.