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SBI証券 trading conditions
Posted: Mon Sep 11, 2023 12:27 pm
by JapHans
Hi all,
I am struggling to understand the trading conditions for orders in the SBI証券 system. I am particularly interested in how to setup a sales order with a limit (if the price goes beyond) or a stop-loss sales order (if the price goes below a defined level). I see terms like 寄指, 引指, 寄成, 引成, 不成, 逆指値, 不成, IOC, OCO, IFD, IFDOC etc.). Too much Japanese explanation for me to make good sense of it.
Any help is appreciated.
Hans
Re: SBI証券 trading conditions
Posted: Mon Sep 11, 2023 12:32 pm
by TokyoBoglehead
JapHans wrote: ↑Mon Sep 11, 2023 12:27 pm
Hi all,
I am struggling to understand the trading conditions for orders in the SBI証券 system. I am particularly interested in how to setup a sales order with a limit (if the price goes beyond) or a stop-loss sales order (if the price goes below a defined level). I see terms like 寄指, 引指, 寄成, 引成, 不成, 逆指値, 不成, IOC, OCO, IFD, IFDOC etc.). Too much Japanese explanation for me to make good sense of it.
Any help is appreciated.
Hans
Here is their explanation. However, I would not trade actively in my non-native language unless I was confident in the terminology.* Why not set up your Nisa/IDeco with buy and holds in SBI and trade actively with Interactive-brokers in English?
https://www.sbisec.co.jp/ETGate/WPLETmg ... #anchor-01
*I would suggest mutual funds, and ignoring all this mess to begin with.
Re: SBI証券 trading conditions
Posted: Tue Sep 12, 2023 9:36 am
by JapHans
Thanks for your advice.
Actually, I am not actively trading, but focus on holding high/stable dividend shares of Japanese companies (with limited currency exposure). Still understanding more about the trading conditions is good, I think.
Unfortunately, all explanations are in Japanese, which is a bit of a challenge for me (and even for my Japanese wife….).
Re: SBI証券 trading conditions
Posted: Tue Sep 12, 2023 10:44 am
by adamu
JapHans wrote: ↑Tue Sep 12, 2023 9:36 am
focus on holding high/stable shares of Japanese companies
For that you can use 成功 which is you get whatever the market price is at the time of the order.
Honestly I used limit orders too when I used to buy US ETFs / sell stock in my old employer, but it's a form of market timing and doing a market order is better. With mutual funds there is no way to designate a price, so the temptation to time the market is removed
Re: SBI証券 trading conditions
Posted: Tue Sep 12, 2023 11:42 am
by TokyoBoglehead
adamu wrote: ↑Tue Sep 12, 2023 10:44 am
JapHans wrote: ↑Tue Sep 12, 2023 9:36 am
focus on holding high/stable shares of Japanese companies
..... doing a market order is better.
I
strongly disagree with this. Limit orders (marketable limit orders) are the way to go.
https://www.bogleheads.org/wiki/Order
Re: SBI証券 trading conditions
Posted: Tue Sep 12, 2023 1:48 pm
by Deep Blue
If you are a long term buy and hold investor placing orders in a live market, market orders are fine. If you are a short term trader trying to make a few % and cash out, or you are placing orders to be executed in another time zone (US etc) then limit orders may be more appropriate.
Re: SBI証券 trading conditions
Posted: Tue Sep 12, 2023 1:58 pm
by JapHans
TokyoBoglehead wrote: ↑Tue Sep 12, 2023 11:42 am
adamu wrote: ↑Tue Sep 12, 2023 10:44 am
JapHans wrote: ↑Tue Sep 12, 2023 9:36 am
focus on holding high/stable shares of Japanese companies
..... doing a market order is better.
I
strongly disagree with this. Limit orders (marketable limit orders) are the way to go.
https://www.bogleheads.org/wiki/Order
I too think that limit orders (like stop-loss orders) can be important not to lose (too much) on a gain made. Taking a gain at a pre-determined price could also be a good way to go, even if you, in principle want to hold shares longer. At least, you don’t have to watch the market all the time. Challenge seems to be the duration for a limit order to be open?
