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01-02-2020, 07:04 AM
#4461
Originally Posted by winner69
Watching market depth is bad for your health mate
No I find the opposite, not watching it produces separation anxiety unless it's a Black swan week.
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01-02-2020, 07:20 AM
#4462
i wouldnt want to own a retirement stock at the moment , if the virus got into one and infected everyone then no ones going to want to buy one going forward.
one step ahead of the herd
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01-02-2020, 07:45 AM
#4463
Originally Posted by couta1
No I find the opposite, not watching it produces separation anxiety unless it's a Black swan week.
Really meant to say ‘watching depth is bad for your health unless you are a Couta’
I’ve assumed diownz isn’t a trader per se
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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01-02-2020, 08:08 AM
#4464
Originally Posted by winner69
Really meant to say ‘watching depth is bad for your health unless you are a Couta’
I’ve assumed diownz isn’t a trader per se
We all have to start somewhere winner69. I haven't been doing it long so learning alot as I go. 🙂. I appreciate all the help and insight but still try to do as much research as I can. Gutometers still not perfect though lol
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01-02-2020, 08:13 AM
#4465
Originally Posted by Dlownz
We all have to start somewhere winner69. I haven't been doing it long so learning alot as I go. 🙂. I appreciate all the help and insight but still try to do as much research as I can. Gutometers still not perfect though lol
Fair enough diownz
I’m told depth doesn’t tell the full story as somehow bigger orders get traded fast and are often not seen on the depth........was a bit much to take in when explained to me.
So don’t look at depth much these days ...or even prices during the day that often ...that’s my choice anyway
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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01-02-2020, 10:17 AM
#4466
Originally Posted by winner69
Fair enough diownz
I’m told depth doesn’t tell the full story as somehow bigger orders get traded fast and are often not seen on the depth........was a bit much to take in when explained to me.
So don’t look at depth much these days ...or even prices during the day that often ...that’s my choice anyway
The online brokers in the States used to provide something called 2nd level depth where you could see the sizes of the individual orders, much more useful.
Wonder if the brokers here have access to 2nd level depth but the punters don't?
Also large orders sometimes go through without seeming to display first if exactly matching volume.
Last edited by Davexl; 01-02-2020 at 04:06 PM.
All science is either Physics or stamp collecting - Ernest Rutherford
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01-02-2020, 03:41 PM
#4467
Originally Posted by Mogul
Depth always goes wonky late in day. I think from around 4:40 pm? Doesn’t mean anything and market is effectively closed until next day.
Factually incorrect. This is the closing auction where no trades occur until near, at or just after 5pm. Bidders bid, offerers offer, and through this price discovery mechanism, a price is determined, at which all intersecting interests are matched at a single price. Same happens prior to the open every day too.
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01-02-2020, 03:59 PM
#4468
Originally Posted by Mogul
Depth always goes wonky late in day. I think from around 4:40 pm? Doesn’t mean anything and market is effectively closed until next day.
Ive noticed the same on ASB, but the trades themselves execute correctly, even though the display is scrambled sometimes till closing.
Last edited by Davexl; 01-02-2020 at 04:01 PM.
All science is either Physics or stamp collecting - Ernest Rutherford
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02-02-2020, 02:39 PM
#4469
See post #1 here. https://www.sharetrader.co.nz/showth...-Trading-Times
Same match process thing happens in pre-trade. Any orders placed before market open are matched off based on price and depth to effect an opening volume weighted price at which the market starts trading for the day. All matched offers and bids in that matching process are executed at 10.00 a.m. for opening match and 5.00 p.m. for closing match.
Closing match is the one to watch and often a fair percentage of the days trade gets done by institutions in that process.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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02-02-2020, 05:05 PM
#4470
Member
Originally Posted by bull....
i wouldnt want to own a retirement stock at the moment , if the virus got into one and infected everyone then no ones going to want to buy one going forward.
Looking at the other side of that, the retirement villages would be able to capitalise on many previously occupied apartments etc. that were bought much more cheaply and can now be sold at a profit. It might also reduce the amount spent on care.
While we are being cheerful, we might also reflect that the 1918 Flu virus took out the young healthy (shareholders ) not the elderly.
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