Day Trading Stocks & Futures

A Qn to you:
Suppose you buy a stock at Rs.130. That day it falls to a low of 125. The whole day it plunges, and at 15:00 it starts rallying. Closing price 128. Youre still holding.
Next day at open, the market depth shows bids from125 to 128. And offers from 130; to 135. LTP 128.50.

If I place my offer at 128, what 0rice will I get.

Are there other possibilities if I change the price.
 

travi

Well-Known Member
A Qn to you:
Suppose you buy a stock at Rs.130. That day it falls to a low of 125. The whole day it plunges, and at 15:00 it starts rallying. Closing price 128. Youre still holding.
Next day at open, the market depth shows bids from125 to 128. And offers from 130; to 135. LTP 128.50.

If I place my offer at 128, what 0rice will I get.

Are there other possibilities if I change the price.
Since your offer is at 128, and there is a bid at 128, you will get a fill at 128.

If the offer price is below the best bid( highest bid), then you will still get fill at the best bid price.
If there is best bid at 128, and you punch 127 or 125, you will still sell at 128.

This is one way of making limit orders behave like mkt orders but in a controlled way.
 

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