Yesterday, I have this experience:
Match amount = RM 94. Brokerage about RM 10+. Brokerage fee = 10%+. This mean that I must have a 10% gain in this share just to make it break even.
Looking at the queue, the best sell price is 0.985.
The seller intention is apparently obvious: hoping the buyer to increase the buy price to buy at seller's price. As a retail investor, some people would do that because even if they buy more, the brokerage charge remains relatively the same for a trade amount of up to RM 1k. So why not buy more? But then you have to pay a higher price, which is the pitfall set by the seller.
But I am not going to do so. The first reason is because I already have some shares on hand, so that I can sell them all together. Secondly, I am not comfortable to buy at this seller's price, so not falling into the trap. Kind of self-comfort, isn't it?