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Message
New to Scottrade.. and the "market" in general
Posted on 3/12/09 at 11:03 am
Posted on 3/12/09 at 11:03 am
When wanting to buy stocks, I have the option to choose Market Order, Limit Order, Stop Order, Stop Limit Order, or Trailing Order... Which is the best to choose??
1
Posted on 3/12/09 at 11:06 am to rudy rudy rudy
I usually use limits and just take the bid.
Posted on 3/12/09 at 12:30 pm to Colonel Hapablap
quote:
I usually use limits and just take the bid.
This is usually the best for getting in your positions. Be very careful when setting stop limit orders to get out. In a volatile market you can end up in a very bad situation.
Posted on 3/13/09 at 9:49 am to Colonel Hapablap
quote:
Market Order, Limit Order, Stop Order, Stop Limit Order, or Trailing Order
Can someone explain the above to me. I am looking to make a couple of transactions per month (mainly buy right now). What should I choose, and why? I am not to sure I completely understand what each means
thanks
Posted on 3/13/09 at 9:56 am to Tigertail
Perhaps you need a professional financial advisor? Some of my friends have used advisors and most have lost their azz.
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