There is a dropdown menu for expiration: it has day and market on close. What is the difference?
Also, "order type" - I just want to sell the stock for what it's worth right now. Do I choose "market" for that? It also offers "stop market" and I have no idea what that means.
Thanks.
2006-10-31 02:42:50 · 2 answers · asked by tagi_65 5 in Business & Finance ➔ Investing
If I understand you correctly, it sounds like you want a "market" order. Which means sell it as soon as possible for as much as possible. This is different than a "limit" trade, which might mean sell it for $50 per share or higher. If the price is under $50 per share do not sell it. You can tell the broker when this $50 limit order expires. If the broker cannot sell it for $50 per share today do you cancel the order or does the broker try again tomorrow? You can also ask to sell your stock at the market price at the end of the day.
Probably more info than you really need, sorry if I have confused you. I think you want a market order.
2006-10-31 03:04:46 · answer #1 · answered by Adoptive Father 6 · 1⤊ 0⤋
Market order. stops have to do with stop loss orders so can ignore for now.
2006-10-31 05:13:20 · answer #2 · answered by vegas_iwish 5 · 0⤊ 1⤋