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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.
By the end of the day the market closed and the price is 4 dollars per share.

Right now, my account still says transaction pending. So is that mean I got a 4 dollars per share price? or I could get the 3 dollars one, since it is when I actually bought it?

thank you

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,

Did you put the order in as "open" or "GTC" if not it's only good for the day and will be canceled in the nightly processing.

Did the stock trade after you order was entered??
if not you probably didn't get it.

Check early in the morning, since the trade file will be completely posted, if it still shows pending,. you have an open order

You have to provide more detailed information for a proper response to your question

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.

Also a free bit of advice. If you don't know that you have no business buying stock. Plenty of places to learn on the internet. You obviously have a broker; go to their website and learn about stock trading and investing before you make a giant mistake.

If the transaction is pending you haven't bought any stock. If it was a day order, it expired at the market close.

If you had bought the stock you would have gotten a confirmation that would have said something like bought 100 XYZ at 3.

If you think you should have made the trade, call your brokerage firm and ask them to do a time and trade.

1- you have to set your price as "limit", and even then, they can charge you a bit more.
2- if you haven't picked up on that yet, maybe you should take a break from trading and read the training manuals on your broker's website before you start trading again.

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