Commsec advice sought

[motion]

Hi,

I have just joined commsec and it looks like a really nice interface to use.

Are there any things I should review or be aware of? This is my first time trading and it looks pretty straight forward, but I bet it's not.

Any features or any advice on the commsec interface would be much appreciated.

Is it worth looking at the Professional trader? I will be just starting of with small day trading.

Thanks alot.

 

[Fab]

I think you ‘ve picked the right one as Commsec is cheap and efficient from my experience. I have been trading with them for 3 years.
Also note that when you buy, your CDIA account is debited 3 working days after the transaction is made which is nice.

 

[The Y-man]

You get protrader for free if you do enough trades (see the site for details). Wouldn't go out of the way to pay for it; wait until you get bigger.

Not too many gotchya's - I just can't type my name and phone number fast enough when putting orders in!

Cheers,

The Y-man

 

[motion]

Thanks Fab & The Y-Man =

If I want to buy a stock in the morning and sell it at lunch time. Which is the best place to view the prices. I.e ASX website or use the watch list on Commsec?

And if not there whats the best thing to do?

Thanks again for your help!

 

[The Y-man]

Thanks Fab & The Y-Man =

If I want to buy a stock in the morning and sell it at lunch time. Which is the best place to view the prices. I.e ASX website or use the watch list on Commsec?

And if not there whats the best thing to do?

Thanks again for your help!

I personally use the watchlist function (i.e. create your own) on comsec (can't use protrader thru firewall at work!! )

The ASX one is delayed prices, so no good.

Cheers,

The Y-man

 

[Mousie]

Comsec's watchlist functions are what I'm after these days (after using up my free trades).

Just be careful not to load too many watchlists at one go; the limit is 12 watchlists with 20 stocks allowable on 1.

 

[motion]

Comsec's watchlist functions are what I'm after these days (after using up my free trades).

Just be careful not to load too many watchlists at one go; the limit is 12 watchlists with 20 stocks allowable on 1.

Thanks guys for the advice

Mousie : I have $550 free trades is there something else I can use with this special or just stick to the watchlist?

Thanks

 

[motion]

ok guys another question. !!

If I want to buy shares via commsec and it ask me if I want to buy at market price or at a limit $ per share.

whats the best way to buy them if I want them there and then ?

(i.e)

Say I want to buy AAA shares for $1.29 and I'm happy with that price do I use the box that say's market price or is it safer to use "At limit per share" option just in case the market changes ?

Hope this makes sense.

Thanks =

 

[nomore4s]

ok guys another question. !!

If I want to buy shares via commsec and it ask me if I want to buy at market price or at a limit $ per share.

whats the best way to buy them if I want them there and then ?

(i.e)

Say I want to buy AAA shares for $1.29 and I'm happy with that price do I use the box that say's market price or is it safer to use "At limit per share" option just in case the market changes ?

Hope this makes sense.

Thanks =

It's safer to use the at limit price, I got caught when I first started by buying at market and I paid 10c a share more than I wanted to. The price was $5.30 when I placed the order but I paid an average of $5.40

 

[Mousie]

Thanks guys for the advice

Mousie : I have $550 free trades is there something else I can use with this special or just stick to the watchlist?

Thanks

motion,

I had my free trades some while back and I just used the watchlist if I'm not wrong. Dunno how's it like now; hope someone benefiting from the $550 currently like you answers that question.

As for your 2nd question, if you want to buy the shares "there and then", set "at market price". Your buy order will be executed at the current price on the "sell" list at market depth. If you have a predetermined price (e.g.$1.29) that you wanna pay then enter $1.29

 

[Go Nuke]

i have a quick simple question.
(I know, i could ring Commsec...but was here so thought id ask.

When u veiw the depth of a company...ie how many buyers and sellers there are,the left hand column is titled *Number. This number varies. What does the number represent? Is it say...*3ppl want to buy 50,000 shares at say 2.50?

Thx

 

[nomore4s]

Go nuke, it's 3 orders at that price.

 

[Go Nuke]

Sometimes its just odd numbers..thought...nah there cant be that many ppl out there ordering say 129.054...both of them.
What a fluke.

Buit ok..thanks

 

[insider]

Oh by the way for those who didn't know Comsec at Collins Street Melbourne moved to Sydney.... They are gonna lose heaps of new customers for that,,,

 

[Mousie]

Oh by the way for those who didn't know Comsec at Collins Street Melbourne moved to Sydney.... They are gonna lose heaps of new customers for that,,,

Errr...isn't it all online (and national phone)? What's the significance, or am I missing something here?