im new at this btw which price am i supposed to type in the price section under buying stocks in my account, is it open price or is it last trade price to buy stocks at the current price?
2007-09-09 16:46:54 · 5 answers · asked by faridrahbar@sbcglobal.net 1 in Business & Finance ➔ Investing
It does not matte because if you actually have to ask then you dont know what the hell you are doing and are going to loose so much money you will be crying into your pillow all night. Before I even think about buying a stock I do a minimum of 3-4 hours of research, this means finding out how the company makes its money, how much it is making, how fast is it growing, what could negatively affect these earnings, the list goes on and on. I know that I am sounding really mean but I am just trying to prevent you from being destroyed. Absolute minimum you should go to www.thestreet.com and check out the street university tab.
2007-09-10 16:16:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋
In the area for making a trade there should be some buttons, or a drop down list, of the different kinds of orders. If you choose MARKET order, the box for selecting the price should disappear or become grayed-out. For market orders, you don't specify a price. You just choose buy or sell, and your order is executed at the best available bid or ask price. It will probably be very near the last trade price, but not exactly the same.
If you use a LIMIT or STOP order then you must specify the price at which you want your order to be activated. That's when you would type in a price. Read your website's information about limit and stop orders before using them.
2007-09-10 23:31:55 · answer #2 · answered by Todd 3 · 0⤊ 0⤋
When buying a stock , you have 2 choices . . .
1) at market , means whatever price it is currently trading at OR
2) a lesser price ( you want the stock but not unless it drops to a lower price )
If you choose the market price then the trade will happen in minutes .
If you choose to specify a price , it might happen later and possibly happen never .
You decide if you like the current price or not .
>
2007-09-09 16:54:41 · answer #3 · answered by kate 7 · 0⤊ 0⤋
Put the price you are willing to pay. However, if you put a price too high or too low below the market price, you will lose out.
2007-09-09 16:52:25 · answer #4 · answered by tanzer360 5 · 0⤊ 0⤋
Think of it as a bid, because that's what it is.
2007-09-09 16:51:02 · answer #5 · answered by 1Netzari 4 · 0⤊ 0⤋