Facts:

In the Czech republic are three stock markets. The big one SPAD (minimal buy in M€, market makers), small KOBOS (called also BCPP, I will use name KOBOS) (tenth of SPAD, real auctions) and the little one RMS (hundredth of SPAD , real auctions too ).

The SPAD have Round-Trip commission around 0,2% , KOBOS 0,8% and RMS 1,2% (really huge commissions for KOBOS and RMS isn’t it , nothing for intra-day trading…).

Opening time:

SPAD 9:15 – 16:0

KOBOS 9:10 – 15:55

RMS   9:00 – 17:00

Price depending mainly on the biggest one SPAD market. I’m waiting for the opening of SPAD at 9:15, next +-15 minutes price fluctuating VERY HARD! and at the 9:30 I’m starting buying. But If you are really smart and you know, where will price go, you may trade in RMS or KOBOS before opening of SPAD or after it’s SPAD closed, but I’m not recommended it.

The FIO broker buy/sell screen look like (It’s real screen from the today):

Biggest market SPAD set price of the BAATELEC (O2, telecommunication) stock on the 442 CZK. I’m not investing in M€, I may buy only in the KOBOS (second column) or in the RMS (third column) market. RMS have the biggest commission, but he offering lower price 437,1 than the KOBOSs 441 this is +- 4 CZK difference, which is 1% of the price. RMS commission cost 0,4% more than the KOBOS, but with this nice 1% bonus, its 0,6% cheaper, than the KOBOS with price 441 CZK. Every this calculation I’m making only in my mind, because It’s no time to use calculator or made mistake, price fluctuating hard and fast… Done I’m buying in the RMS for the 437,1 CZK .

My experiences from the Czech Republic RMS market Is, that price depend only on the SPAD market. Price is usually 0.5% up or down SPAD (if SPAD go up, it’s up the SPAD price…). It’s good for selling, when the market going up, because you may sell it with higher profit, but if you will miss the turn-over point you will claim high punch .

Liquidity is good, but problem is, that you don’t know If you will sell or not, it’s the auction. I’m someone trying sell for 100, not sell cancel it and go down to 99.8, 99.5…, and still not sell. In the SPAD market the brokers which creating market must buy from you!

Problem is too, that if you not trading with BAACEZ (ČEZ), which is the top one stock on the Czech market, and you trading with BAATELEC (O2) or BAAUNIPE (UNIPETROL) the market is slow and someone selling only, for example, once per 30 minutes . So you looking on graph, which not changing, and you don’t know where the price is right now…

What the hell is this pessimistic czech nature ?

All this comments:

"It will not work."

"You will close your blog after month."

"The design worth piece of shit."

"Idea is completely out."

"Articles are short and without links."

No single one positive word!

Go to the hell morons!

Ask american about some biz. He will answer you "IT WILL WORK , but you must solve this, this and that problem."

Ask stupid czech morons, if something will work, and he will answer you: "IT WILL NOT WORK . Problem Is this, … Don’t waste your time and go to the pub drink some beers.".

Fuck you, Fuck you all morons ! I hate this czech nature, that EVERYTHING IS BAD, FUCKED and will not work .

Shit .

What is better.

a) write this blog in english language , really bad english language, the professionals will laugh on my "nice" formulations, mistakes…, but you will understand me. 99% visitors of the my blog Isn’t from czech country and understand in 99% english language.

b) write blog at almost perfect czech language , so no pro will be smiling at the "kids"/"hun" english formulation, but no one will be understand it. Try read this: "Mám překrásný výhled do krajiny s poletujícími modrými obláčky a sousedem třískajícím kladivem do nějaké zasrané věci, kterou nevidím.". Do you understand? No? I know it…