When trading stocks, filling in the name, quantity, and price of the stocks to be bought or sold and submitting them to the trading system for trading is called placing an order. The hanging order operation method, also known as the landmine bomb method, refers to placing a low buy order (burying landmines) or a high sell order (hanging bombs) in advance and waiting.

When is the hanging order effective?

After the stock market closes and the securities are settled, orders can be placed. Most business departments' orders start after 8:00 pm and are temporarily stored in the securities company's system. The orders will be reported to the exchange host at 9:15 am the next day. However, this can only ensure that the securities company receives the earliest orders, and the exchange can only start accepting orders at 9:15 pm.

9: Orders placed during the 15-9:25 call auction cannot be cancelled, so caution should be exercised when placing orders during the call auction. It can only be revoked after the opening at 9:30 (if there is no transaction). 11: Orders placed between 30-13:00 are valid. After 3:00 pm, all orders will be revoked, and naturally, placing orders will also be invalid.

precautions

Any price that exceeds a 120% increase before 9:24:55 is considered invalid.