Weekends?

[grant7]

Hi ! Im new to stocks - basic question !
Been setting up account a few days now Ive just learnt you cant buy stocks on a weekend. So strange to me with everything else 24/7
Question is say silver metal value price - goes up over a weekend. eg In crypto world the silver backed crypto went up 1%
But the ASX is closed so the silver backed stock doesnt move.
There is sales offered in the trading platform from friday COB at the old price - but I understand/think I cant buy anything till monday ?
So monday morning would everything go up in price 'instantly' when opens ?

thanks !
Grant

 

[qldfrog]

yes, there is a bit of price adjustment reflecting demand offer for normal shares.
So expect for example your silver miner to go up but maybe not in the exact move mirroring the commodity.
For commodities ETFs etc, the open price will / should reflect whatever the commodity instant price is..for example ETFs etc will jump straight to reflect changes.
Hope my confused explanations help you

 

[Knobby22]

Hi ! Im new to stocks - basic question !
Been setting up account a few days now Ive just learnt you cant buy stocks on a weekend. So strange to me with everything else 24/7
Question is say silver metal value price - goes up over a weekend. eg In crypto world the silver backed crypto went up 1%
But the ASX is closed so the silver backed stock doesnt move.
There is sales offered in the trading platform from friday COB at the old price - but I understand/think I cant buy anything till monday ?
So monday morning would everything go up in price 'instantly' when opens ?

thanks !
Grant

Hi Grant.
At the start of the day there would be an auction that would set the price. That is people put in prices they want to buy and others sell and a middle price is reached.

You can buy off the market in certain products but I would recommend punting on the horses instead. Much more fun and more likely to win.

 

[divs4ever]

Hi ! Im new to stocks - basic question !
Been setting up account a few days now Ive just learnt you cant buy stocks on a weekend. So strange to me with everything else 24/7
Question is say silver metal value price - goes up over a weekend. eg In crypto world the silver backed crypto went up 1%
But the ASX is closed so the silver backed stock doesnt move.
There is sales offered in the trading platform from friday COB at the old price - but I understand/think I cant buy anything till monday ?
So monday morning would everything go up in price 'instantly' when opens ?

thanks !
Grant

at the start of trading the price MIGHT snap UP or DOWN depending on the average price of buyers and sellers ( of those shares )

BUT those selling/buyer prices might be influenced by futures contracts movement over the weekend ( OR the number of contract orders placed in the market , that AREN'T genuine desires to sell/buy , such a practice is illegal but only a few ever get punished , and they are generally the smaller folk )

BTW those sudden changes ( often temporary ) are neither totally good or bad , and MAYBE useful for you .. say you put a price in to buy 5 cents below Friday's close , and wait for the market to settle , say 30 minutes if the market moves the other way you can cancel the order and look for opportunities elsewhere ( obviously you can use a similar tactic if selling a share you hold )

cheers

good luck

 

[3 hound]

I thought a lot of share trading these days (by the big firms at least) was automated??

 

[divs4ever]

well the ETF 'market makers ' are very likely to be , there are some that are running HFT strategies ( even some relatively small independents )

but me personally no thanks , i had a hobby with computers for several years and can realize how wrong the systems can go , and how the stupidest things can cause them to go badly

one had problems when a hard drive cable started to degrade ,( actually it was the shielding on the cable ) , another developed problems when a new DVD-burner was installed and the radiation/RF was interfering with the system RAM during burning tasks

now if i left these alone unsupervised , how long would it be before i detected the issues and investigated the anomalies

sometimes watching odd patterns and spotting an opportunity is enough