Trading the stockmarket (NO Referrals)

Minstadave said:
Forgive my ignorance. With events like this at the weekend usually by market open the price has already gone up to its max, how does this happen? There's no premarket trading over the weekend is there? The big players have bought up everything instantly it seems.
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24/7 trading for some retail stocks.
 
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Minstadave said:
Forgive my ignorance. With events like this at the weekend usually by market open the price has already gone up to its max, how does this happen? There's no premarket trading over the weekend is there? The big players have bought up everything instantly it seems.
Click to expand...

The price is the result of buy and sell orders pre-market.

And then they try to set the open to the closest of buy/sell orders.

As in, yesterday it was £100 per share, today its £120.

Edit : Nobody bought or sold anything below £120.
 
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Minstadave said:
Forgive my ignorance. With events like this at the weekend usually by market open the price has already gone up to its max, how does this happen? There's no premarket trading over the weekend is there? The big players have bought up everything instantly it seems.
Click to expand...
The price at opening doesn’t have to be the same as when it closed the previous session.
 
China should not back down… show the world how much of a fool he is.. Vlad probably went mental at Donnie for crashing the oil market.. lol

Art of War, Sun Tzu advises to "appear strong when you are weak"
 
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Minstadave said:
Forgive my ignorance. With events like this at the weekend usually by market open the price has already gone up to its max, how does this happen? There's no premarket trading over the weekend is there? The big players have bought up everything instantly it seems.
Click to expand...

Yeah it’s the market that sets the prices.. with view of the sell limits sellers have placed on their orders. think of it like an auction house, they will lower if no buys.

Most industry traders have staff in markets across the world.
 
delta0 said:
The price at opening doesn’t have to be the same as when it closed the previous session.
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There is post market activity, I think it’s call futures.

I’m not sure if it can happen on weekends though. So probably not see any pre market change before the exchange opens.
 
Skynet5 said:
There is post market activity, I think it’s call futures.

I’m not sure if it can happen on weekends though. So probably not see any pre market change before the exchange opens.
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Futures aren't direct buying/selling, they are a derivative product, essentially betting on where you think the market will be on a given date in the future. They do open Sunday night to give an idea of where the indices will be at open on Monday.
 
Skynet5 said:
There is post market activity, I think it’s call futures.

I’m not sure if it can happen on weekends though. So probably not see any pre market change before the exchange opens.
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Futures are connected but not the same. They aren’t active right now either. US does have a small amount of post (and pre) market trading. The market makers will set the price and external things like news will influence that.
 
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ShivP said:
@everyone why is it called standard and poor 500? Will it make me poor?
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It just happens that one of the people involved in founding it, had the surname 'Poor' which is an unfortunate name given the business they are in :cry:

History of Standard and Poor’s​


The origin of Standard and Poor’s began in 1860. Henry Varnum Poor published a book called “History of Railroads and Canals in the United States.” The book provided a comprehensive coverage of the operational and financial state of railroad companies in the U.S. In 1868, Henry Varnum Poor and Henry William Poor created “H.V and H.W. Poor Co.,” which published two guidebooks that were updated annually.


The Standard Statistics Company was established in 1906, providing financial information regarding non-railroad companies. The Standard Statistics Company published its first stock market indicator in 1923, based on 233 companies.


Standard & Poor’s came into being in 1941 when Poor’s Publishing and the Standard Statistics Bureau merged. It increased the number of companies on the basis of which the stock index was computed to 416.


Later in 1966, The McGraw Companies acquired Standard & Poor’s Corporation, now known as S&P Global, after it rebranded in 2016.
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corporatefinanceinstitute.com

S&P – Standard and Poor's

Standard & Poor’s is an American financial intelligence company that operates as a division of S&P Global. S&P is a market leader in the
corporatefinanceinstitute.com corporatefinanceinstitute.com
 
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Minstadave said:
Forgive my ignorance. With events like this at the weekend usually by market open the price has already gone up to its max, how does this happen? There's no premarket trading over the weekend is there? The big players have bought up everything instantly it seems.
Click to expand...
No, the price when the market opens will gap up/down. They are not hoovering everything up at cheap prices.

Any news gets priced in instantly now, algo trading is extreme and people on here trying to trade have no edge.
 
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