NAB 1.09% $26.21 national australia bank limited

how to lose money

  1. 1,459 Posts.
    On Friday Afternoon, I placed a Market Order to sell 3000 XYZ. I received confirmation by the website that my order had been placed with National Online Trading at 15:58:51.

    I have been informed that since Market Orders are a manual process, my request didn't hit SEATS until after the market had closed. At the time (approximately 16:01:00), my Market Order effectively became a Limit order at the best price (Lets say 310). During this "pre-open" stage, my order was trumped by other sellers effective leaving me stranded at 310.

    Accepting this as a pitfall of a "non full brokerage service", I would have assumed that my order would have been executed the following Monday morning on open. However, even though I wasn't notified, National Online Trading effectively changed my Market Order to a Limit Order at 310.

    Who gave them permission? Apparently I did when I placed my Market Order.
    What did it cost? $600.00
    What did I learn? Never to use this service again.
 
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Last
$26.21
Change
-0.290(1.09%)
Mkt cap ! $86.45B
Open High Low Value Volume
$26.14 $26.25 $25.90 $202.9M 7.779M

Buyers (Bids)

No. Vol. Price($)
1 383 $26.20
 

Sellers (Offers)

Price($) Vol. No.
$26.21 6343 1
View Market Depth
Last trade - 16.10pm 21/04/2021 (20 minute delay) ?
(live)
Last
$26.12
  Change
-0.290 ( 1.26 %)
Open High Low Volume
$26.14 $26.25 $25.90 766171
Last updated 15.59pm 21/04/2021 (live) ?
NAB (ASX) Chart
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