stock broker

lr1277

Thrugelmir said:

lr1277 said:

jimjames said:

lr1277 said:

An example of not being able to trade automatically with my broker's systerms happened in the last 30 mins. I wanted to sell a share, the mid-price was indicated at 590p. So I put in a sell order to sell my shares. The broker indicated the markets were busy and they couldn't complete my trade. 

It would probably help the OP and the rest of us if you named the broker. Without knowing which one it won't really help anyone decide.

My broker is Charles Stanley Direct.

I have only once found a problem when trying to buy irrespective of my order size as compared to what I think is called the normal market size.

However over the last 6 months I have had to place sell limit orders when instant online quote were not available for every sell order. I suspect in most cases my sell order size was bigger than the normal market size.

Charles Stanley will link your order through to execution venues. They won't be dealing directly on the LSE for the majority of stocks nor for the size of order you are placing.  Desk trading is better if you won't to place £50k of stock in one transaction. At times execution venues (market makers) won't instanteously quote a price. They may well already have temporary indigestion offloading lines of stock on their books. 
Also a stocks price can be temporarily suspended if there's a lot of activity and the market becomes disorderly. In effect a time out to provide breathing space. 

What stocks were you trading? Illiquid stocks can be hard to shift on occasions. 

I think you are right.

Today I sold Clipper logistics.

I think the share where I couldn't buy due to market activity so chose to wait was loopup.

I seem to have hijacked the OP's thread. Even though he may no longer post, sorry about that.

Micheo

As I understand the problem is that you do not trust broker. I pesonally use IBKR and I knwo that it is very trusted worldwide.

josewise

Micheo said:

As I understand the problem is that you do not trust broker. I pesonally use IBKR and I knwo that it is very trusted worldwide.

yeah, I love ibkr too. I heard that some brokers such as Robinhood etc, have lower commissions, but as I understand they simply have higher quote prices than they buy and it is the same in the end. But they do not require any experience so many newcomers from Robinhood lose their money. Btw I purchased Boeing socks this week.

Here is a good price prediction https://www.liteforex.com/blog/analysts-opinions/boeing-stock-forecast-and-price-prediction/

Old_Lifer

Boeing socks ?    I've never seen any.   They must fly off the shelves very quickly.