Have I already made rookie mistakes?

[pythagoras]

Hi folks,

I have started the investment journey on Friday.

Late night Sunday I placed two buy orders in two separate businesses which would of placed me in first position Monday (today) when market opened.

These two companies I have been researching and believe were, and are under valued due to unrealised potential to supply resources for manufacturing both in India and China (with China then supplying to USA finish product)

When I checked this morning before market opened there seemed to be allot of interest in the two companies all of a sudden and thus I was bumped down considerably.

So I had to delete my two orders and purchase at the current market value.
(thankfully still under $1).

Today has seen the business highest value in 52 weeks.

My question is, can making buy orders outside of trading hours create a potential artificial inflation and be a rookie mistake?

Thank you.

Kind regards,

 

[peter2]

No, not unless your orders were massive. The recent demand is more likely the result of other people seeing the same information or analysis that you have and decided to buy at the same time you did.

 

[pythagoras]

No, not unless your orders were massive. The recent demand is more likely the result of other people seeing the same information or analysis that you have and decided to buy at the same time you did.

Hi peter2,

Fair enough. The orders weren't massive, considering my financial situation and capacity.

However, I am happy that I was able to purchase and now am involved in the business in some way.

Thank you.

Kind regards,
Py

 

[peter2]

Yes, if you had decided to buy but wanted to buy them cheaper than the current price. That's a rookie mistake. It's called being a "dick for a tick". Once you've made up your mind, buy them. Especially if you've got a long term view and a few cents here and there won't make a huge difference in the long term.

 

[pythagoras]

Yes, if you had decided to buy but wanted to buy them cheaper than the current price. That's a rookie mistake. It's called being a "dick for a tick". Once you've made up your mind, buy them. Especially if you've got a long term view and a few cents here and there won't make a huge difference in the long term.

I like that turn of phrase 'dick for a tick'. It was several cents difference, and I lost about 20mins double checking as I'm still learning how to read the basics and the user interface. Now it has increase more than 6cents, and I suppose if I had the capacity to purchase in large volumes as some fellows can it would of been glorious ?.