RE: Buy12 Aug 2022 11:16
MJ. By entering a trade in the online share dealing account, you are given an execution price to either accept and complete the trade or ignore it. The price offered may not be the same as the prices shown on L2, could be more, could be less. You can (usually) only obtain a sell price for the stock that you own, therefore if you own quite a few, you can judge whether there are buyers waiting by offering a decent number of shares for sale. If you get a price at the advertised bid or above for the entire number of shares offered then there is demand and the share price may be going up. If you cant get a price, try the process again but reduce the number being offered until such time as you get a price. If you still dont get a price when your offer is down to 100 or so shares or the price is rather dismal, the MM's don't have an immediate buyer. The reverse is true for 'dummy' buys. Many people have unfortunately managed to obtain their price to sell, not intending to complete the deal and then muscle memory or subconscious takes over and they hit the accept button and lose their stock :)