Comments on: Order (Price Type) Explained – Market, Limit Orders and the Like

By: Introduction to Conditional Orders | Investing School

Introduction to Conditional Orders | Investing School — Fri, 30 Jan 2009 18:20:22 +0000

[...] Order (Price Type) Explained – Market, Limit Orders and the LikeBid Ask SpreadZecco vs TradeKing Discount Brokerage Comparison ReviewMutual Funds Explained [...]

By: Joe

Joe — Thu, 18 Dec 2008 18:48:02 +0000

I knew it!! Altria is at $15.15 right now! Yay! (Sorry, I just needed to come brag as it was certainly easy and quick money!)

By: Joe

Joe — Wed, 17 Dec 2008 01:49:04 +0000

Ross, I bought Altria today as well. It’s crazy that on an up day like today, the stock went down 4%. I think some people must be trying to sell the stock and scare everyone away so they can buy it back tomorrow and also pocket the 2% dividend.

We shall see.

By: Ross

Ross — Tue, 16 Dec 2008 20:38:52 +0000

I agree completely! I just bought 150 shares of Altria today and as I was about to put in an order, I saw the price jump from $14.50 to $14.59 within 30 seconds. If I put in a market order, it probably would’ve executed around the higher end. Instead, I put in a limit order of $14.50 and waited and after about 15 minutes, it got executed!

The differences isn’t big (only $13.50) for only 150 shares but I will take free money any day!

By: Calvin

Calvin — Tue, 16 Dec 2008 19:48:23 +0000

I was burned with market orders before and I swear that I will never use it ever again. Limit orders are the key to saving money when investing. What I do now is set a limit and if it doesn’t get executed, then I just wait. There are always another opportunity and I will never overpay for an investment again!

I’ve learned my ways! Good post for everyone else who hasn’t gotten burned yet.