We have lots of experienced traders on MoneyAM who would be glad to help if you have any trading questions.

Re level 2

When someone writes "There is now 5 on the Bid 2 on the offer"

What does that mean?

Thanks, great thread!

Re level 2

When someone writes "There is now 5 on the Bid 2 on the Offer"

What does that mean?

Thanks, great thread!

Re level 2

When someone writes "There is now 5 on the Bid 2 on the Offer"

What does that mean?

Thanks, great thread!

Dalrymp,

If I get this wrong, hopefully someone will correct me. (Also take a look at "help" at the top right of your screen, and then "level 2" - and scroll down for loads of explantions etc.

I think it refers to the no. of SETS or SEAQ orders at the current bid & offer prices. More orders on the bid, means the MM are looking to buy, and more orders on the offer means they are looking to sell.

little woman

Thanks for your help.

I have level two where do you find "There is now 5 on the Bid 2 on the Offer" using level two? or elsewhere.
Very good thread this thanks in advance

Thanks Gausie. I will take a look

re Terrace Hill shares,I see that the chairman bought 50,000 shares yesterday taking his holding to 128.3m shares 83.4%. Other directors also bought 20,000 shares today. The rest of the directors seem to hold about 1.3m shares between them, does this mean they may take the company private? If so,how would this effect other shareholders?

Washlander - I think dalrymp was originally refering to someone posting the information about what they saw on level 2 so that who ever read the post would understand it!

Roma - to take a company private I think they have to hold something like 90% of the shares. You will need to ask them what they are intending to do which you are entitled to ask, but normally they will buy out all the other shareholders at the market rate (small shareholders can be a real pain, even though they don't have much power, so it is easiest to buy them out!)

CROCODILE Thanks for your help, much appreciated.

I work full time as a daytrader.
KEEP THINGS SIMPLE
I bought Corus and made 42 per cent profit in 3 weeks.Some made 700 per cent
in 6 weeks e.g.M.S.made fifteen hundred million-1,500 MILLION.

One of my shares is Wiggins--I have 250,000

Research EVERYTHING about EVERY share YOURSELF and forget ALL experts e.g.
Prior 42 per cent profit 70 per cent of the City said Corus was nearly in
liquidation and ONE valued it at 1p per share.

Agree with keep things simple. If you have to analyse a chart to carefully leave it!

.

Could you please help. On the Trades page what does the letter M mean after a trade? I was looking at the rtd trades. 250,000 M Buy

M means: Market Maker to Market Maker. As the name suggests this is a transaction between two Market Makers who are registered in the security which is being traded.

If you go to "HELP" (top right of your screen) then "Trades" and scroll down it'll explain a lot of things which you will find helpful. When I checked it out for the first time, I found that I was wrong in a lot of the ways I was interpreting things I saw, so still go there on a regular basis to remind me!

I want to ask is it worth to buy some SEO ? but the price of SEO rise a lot today.

little woman

Thanks...I'll do that.

I started investing a couple of months ago and have luckily made a couple of good buys with Forbidden Tech and RTD, but these were done through HSBC bank's trading service and buying and selling takes a long time, not to mention commission and problems with selling large blocks. I'm looking to become a day trader through the inter-net, can anyone advise me on how to do this?

debuwebu
For a broker who allows trading on line, no fees or stamp duty have a look at http://www.uk.cmcplc.com/index.html
Consider doing a training course, there are plenty around but the ones I am involved with are on http://www.ftsedow.com/bigtrain.htm
Best of luck!
D.

dalrymp;Little Woman has mentioned the market maker trade, but you might also find this useful. Market makers tend to trade competitively with each other so will normally deal within the spread. If you see a deal within the spread, generally ignore it as it means that MMs are happy to trade stock (eg 192/198 spread and a MM trade price at 197p). If you see the trade go through at either the bid/offer price(eg 198) it generally means they are happy to trade but not so happy as to help a fellow market maker. If you see a trade go through at a premium (eg 199),it generally means that there is a touch of desperation about and the price could move quickly from here!!