LarryT wrote: > Notice in all that you are *never* given the chance to tell the market what > the price is *going* to be.
Sure you can. It's called a limit order. For example, let's say you are willing to buy 1,000 barrels (42,000 gallons) of crude at $110 a barrel. You just place a limit buy order for one contract at $110. As long as there are plenty of buyers willing to pay more than $110, your order doesn't execute. The traders (in the aggregate) set the price. It will end up at whatever price the number of sellers equals the number of buyers. I got to see this at work yesterday, as I made my first ever commodity trade. (I usually trade stock index futures) I bid $912 for a single June ZG (100oz gold), and watched the published bid rise from $911.80 to $912 and then a seller quickly hit my bid and the quoted bid dropped to 911.70 or something. By the time I could get a sell order entered, the bid was 911.30 and the offer was 911.60, so I offered to sell at 911.40 and sold it almost instantly. That was fun, so I did it again, bid 912, then offered to sell at 912.7, this time it took over 30 seconds for a buyer to hit my selling price. My willingness to buy at 912 held the price up at that level for a second or two longer than it would have without my participation, and my willingness to sell at 912.7 likewise made a slight slowing of the rise to 913.5 that was underway. As one person trading a meager 100 ounces, my effect on the market was negligable, but I could see it in action. Mitch. _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
