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Online Stock Trading Question
Posted on 9/13/09 at 11:20 pm
Posted on 9/13/09 at 11:20 pm
quote:
1. Trades executed in multiple lots on the same trading day are charged a single commission. Trades partially executed over multiple trading days are subject to commission charges for each trading day.
Does this mean I can buy and sell a stock in the same day and only be charged once for comission fee?
1
Posted on 9/13/09 at 11:25 pm to maburu2
quote:
Does this mean I can buy and sell a stock in the same day and only be charged once for comission fee?
No, that is about if you sell a large number of stocks and it takes multiple transactions to move the entire lot.
For example.
I sell 50,000 stocks in one order. There is no one willing to buy 50,000 stocks right now, but there is someone willing to buy 20,000. Your broker will sell 20,000 right now and the other 30,000 whenever there is another opportunity.
This can be avoided by selecting all or nothing when placing the order.
Posted on 9/13/09 at 11:42 pm to TheHiddenFlask
Thanks for the explanation.
Posted on 9/14/09 at 1:57 am to maburu2
no problem.
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