Trading School · Lesson 2
What is a bid?
Your side of the conversation.
A market is a conversation. Sellers say what they hope for — those are the asks.
Buyers get a voice too. When you put a plush on your wishlist with a price, that is your BID: what you would happily pay.
Buyer I would pay $15 for a Mini Moose!
All the asks and bids for one Douglas, side by side, make its ORDER BOOK. The gap between them is the SPREAD.
When an ask and a bid meet in the middle — that is when a trade can happen.
Put a plush on your wishlist and set your bid
Quick quiz
Tap an answer — you’ll see right away how you did. Nothing is recorded; it’s just for you.
DouglasExchange is an independent collector platform and is not affiliated with, endorsed by, or sponsored by Douglas Company, Inc.