Hi, Freja.
I know this thread is a bit late in your forum, but I thought best to sign in and assist a newbie such as your self! Read a lot of that dribble spoken by mr Bullmarket, and I find him a very deturbing charactor. Therefor I will try and clear up your simple little question. I also use the BankWest site, so therefor you also will be broking with Sanford I pre-sume.
I understand you sold BOL adventually, congradulations. In the future and your not sure what price to sell at. and you really want to sell. Just sell at the market price as
Julie and Prospector, firmly suggest. At Sanford you can't set a stop loss piont at market, but to buy and sell at your own prefered valued price is a good way to do buisness. For e.g If you buy a stock at
X- $1.00 and predict that it will turn or stop at
Z- $3.00, than you can place a valued order at
$3.00 and Sanford will happly sell at that price, not at a larger or smaller price. Its that easy. otherwise you can only buy and sell at the days true price, that being its present market price.
You say you have just started out, and your using petty money until you fully understand what you are doing. I agree with you totally on that note, but I also notice you seem to be buying MID $10 Stocks. Thats far enough, but can you notice they bring in very little return for the small ammount of money you seem to be placing on these stocks! Really - not the best way to educate yourself. Can I please suggest to you that when placing orders, using smaller ammounst of money. Orders are best placed on PENNY Stocks, meaning lower priced stocks, for e.g
$1000 placed on
PLAPlatium Australia Limited, at todays price of
$0.615 cents. Will give you approximatly
1626 shares. Now thats a lot more than what
BOL could offer. Therefor a days return having brought
1626 PLA Shares at its daily offering of
0.06cents, will give you
$86.58 cents. Where as
$1000 BOL Shares at its daily price of
$4.55 is equal to
219 shares. Therfor
219*times $0.06 is only equal to
$13.14 daily profit. See the diferance? I understand higher priced stocks tend to move further in a day, but believe you me penny stocks aren't shy either.
There you go Freja, to me thats the best way to learn and start trading, something like $500 to $3000 for penny's, $4000 to $15,000 for the mid class and $16,000 to $50,000 for blue chip and so on. it really puts the easy work into "
A Hard Day At The Office". I really hope you understand where i'm coming from. I mean just imagine
$10.000 on
PLA shares, -
HAY- think of that for a daily return and yes a good stock to bye at this time!
____________"
All the best Freja and Happy trading to you all'
Stock"ie'Bailz :goodnight