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Started By
Message
re: Lnglf.....who has been stocking up?
Posted on 7/29/14 at 10:54 am to jmarto1
Posted on 7/29/14 at 10:54 am to jmarto1
guys, help an amateur out real quick.
i am not familiar with limit orders and Scottrade has advised me thats how it has to be done for LNGLF.
please advise.
i am not familiar with limit orders and Scottrade has advised me thats how it has to be done for LNGLF.
please advise.
quote:
Unable to enter order because orders for Bulletin Board, Pink Sheet and Foreign ADR/ORD securities must be placed as limit orders.
Posted on 7/29/14 at 10:59 am to donRANDOMnumbers
Change order type to "limit" and set a price. Scottrade will basically use that amount as an upper limit for purchasing the stock. Your order will not be filled unless it is at or below that price.
As I'm typing, the last price for LNGLF is 4.01. The bid is 4.01 and the ask is 4.02. If you want to fill your order right now, set your limit for 4.02 and it should fill. If you think it will dip back down below 4, set your limit to 3.99 and it won't fill until the price drops to 3.99, but if it never drops down to 3.99 today, the your order will expire if it is set to expire today.
Hope that helps.
ETA: Investopedia is your friend. LINK You can go there for simple definitions of things like limit orders. Also, scottrade has resources on its own website that explain the different types of orders it offers. You should read that for sure.
As I'm typing, the last price for LNGLF is 4.01. The bid is 4.01 and the ask is 4.02. If you want to fill your order right now, set your limit for 4.02 and it should fill. If you think it will dip back down below 4, set your limit to 3.99 and it won't fill until the price drops to 3.99, but if it never drops down to 3.99 today, the your order will expire if it is set to expire today.
Hope that helps.
ETA: Investopedia is your friend. LINK You can go there for simple definitions of things like limit orders. Also, scottrade has resources on its own website that explain the different types of orders it offers. You should read that for sure.
This post was edited on 7/29/14 at 11:01 am
Posted on 7/29/14 at 10:59 am to donRANDOMnumbers
double post
This post was edited on 7/29/14 at 11:01 am
Posted on 7/29/14 at 11:00 am to donRANDOMnumbers
Click on "Order Type" and choose "Limit", then I just use the current trading price as the limit. It should fill unless the price jumps as you're entering the order.
Posted on 7/30/14 at 9:55 am to donRANDOMnumbers
Down 8.5% this morning. May be a good time to buy...
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