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| *The Commerce Journal>>>Investing |
I bought the stock at 2:34pm....what is that mean? |
ok. I bought some stock today at 2:34pm, we say the price is 3 dollar per share. What price was on your order when you entered it, if it was "market" you bought it, if you put "3" on it you probably did not, Because you did not set a limit, you will not get the stock at the $3. You will be purchasing the stock at whatever the price is at the time the transaction is done pending. Remember, you can't just buy a stock whenever you want. If you're buying, then someone else has to be selling. If you asked to buy a stock, and no one was willing to sell to you at that price, then even though you put the order through, it was never executed. This means that you have an open order for that stock, but you haven't actually acquired it. If it says still pending, then you probably never acquired the stock, and if the price is at 4, there's no one who will sell to you at 3 (if you had a limit order at 3). If the stock isn't represented in your positions, or the purchase isn't reflected in your balance, then you never bought it/someone never sold any to you. You get the price at the time you execute the transaction. If the transaction is pending you haven't bought any stock. If it was a day order, it expired at the market close. 1- you have to set your price as "limit", and even then, they can charge you a bit more. |
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