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A little help with limit orders on Etrade

Posted on 1/11/21 at 4:46 pm
Posted by jamiegla1
Member since Aug 2016
6959 posts
Posted on 1/11/21 at 4:46 pm
I tried to put in an order on ZOM at 0.42 today. Price was below that but my order did not go through. Am i doing something wrong?
Posted by Lightning
Texas
Member since May 2014
2297 posts
Posted on 1/11/21 at 4:52 pm to
I'm showing the low today was .63
Posted by Pendulum
Member since Jan 2009
7042 posts
Posted on 1/11/21 at 4:54 pm to
Look at the bid and ask prices when you are setting your limit. Those are the actual prices at which you can currently get the stock.

Bid if youre selling

Ask if youre buying

I only place limit orders and always exactly what the current bid or ask is unless it's something that's moving fast.

ETA if this might be the source of your confusion: Also the price at close on Friday is not where it opens Monday. Sadly, basic normal investing does not get that advantage of buying it in between.
This post was edited on 1/11/21 at 5:00 pm
Posted by tigburls
Member since Feb 2010
543 posts
Posted on 1/11/21 at 4:54 pm to
ZOM's low was .63 today
Posted by go ta hell ole miss
Member since Jan 2007
13615 posts
Posted on 1/11/21 at 4:59 pm to
I don’t think ZOM was below .42 all day. It briefly fell to .65, but it never went to .42.
Posted by jamiegla1
Member since Aug 2016
6959 posts
Posted on 1/11/21 at 5:21 pm to
Thanks for your responses. I think I see where I went wrong
Posted by el Gaucho
He/They
Member since Dec 2010
52910 posts
Posted on 1/11/21 at 5:31 pm to
Just buy it tomorrow baw us early adopter whales need the volume
Posted by jamiegla1
Member since Aug 2016
6959 posts
Posted on 1/11/21 at 6:31 pm to
so the ask for tomorrow is 0.9458. Does that mean i wont be able to buy until it reaches that?
Posted by htcthc321
Member since Oct 2010
1658 posts
Posted on 1/11/21 at 6:37 pm to
That ask price will change based off what it does in after hours tonight, and premarket tomorrow.
Posted by cgrand
HAMMOND
Member since Oct 2009
38646 posts
Posted on 1/11/21 at 6:41 pm to
all due respect you need some investopedia in your life.
the current ask is 0.96, if you put a limit order in at the ask it likely will fill as long as the ask doesn’t go higher

if it doesn’t immediately fill give it some time.
if it still doesn’t fill raise your limit

pennies difference don’t matter
Posted by Spec1
Lost but making good time
Member since Jan 2015
1983 posts
Posted on 1/11/21 at 7:19 pm to
I was trying the same thing! I got nothing as well
Posted by jamiegla1
Member since Aug 2016
6959 posts
Posted on 1/11/21 at 7:41 pm to
Yeah I probably do. I’ve been doing high dividend stocks in my play money for years and never had to put much thought into it.

Trying to change that up a bit but maybe dove in head first
Posted by tigerfan4444
Member since Apr 2008
702 posts
Posted on 1/11/21 at 10:25 pm to
How did you get in the high dividend stocks? I am guessing you did limit orders to get in there. I don't see how this is different.
Posted by jamiegla1
Member since Aug 2016
6959 posts
Posted on 1/12/21 at 12:14 am to
Just bought them at market value. They weren’t limit orders
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