Hello Kenites! Some of you have requested (via Private Message) an explanation of how to read the Market Depth included with my earlier post of today's trades.
The format of the information does not transfer as well as desired but all the info is still there, it's just harder to read. Info includes the price,number of shares posted at the price, and number of orders making up those shares. This info is available for both bid and ask orders within a range close to the current trading price.
For example,today's closing price was $0.90 and there's 1 order of 1,500 shares available at that price. The highest bid is 1 order of 3,000 shares at $0.87. Remember the order of information: price, #shares, #orders.
It's important to note that Market Depth is not totally inclusive. "All or none" sell orders are not included and neither are certain types of brokerage orders. These orders can also change rapidly in response to factors such as variances in the selling price.
Bid
Ask
price
#shares
#orders
0.75
18,000
2
0.78
5,000
1
0.80
14,000
3
0.85
6,000
2
0.87
3,000
1
0.90
1,500
1
0.92
10,000
1
0.93
6,500
1
0.95
10,000
1
1.10
12,000
1 |
