Thursday, September 21st, 2017

What does an open order mean in stock trading?

I bought a stock of shares last few days they and notify me? that the operation? n to open be? ready in a few days they. ? Qu? does that mean? Do I have to wait for it to end? before it can sell? Qu? about the commission? n, either to sell or buy. I have a sell order l? Mite that est? open. If I cancel, I paid the commission? N by? L, or is s? It for orders that cross?

Comments

4 Responses to “What does an open order mean in stock trading?”
  1. Caveat Emptor says:

    It takes three business days for a stock transaction to settle. You can’t sell the shares before that happens.

  2. msc says:

    An open order is an order that hasn’t executed yet, either because the market is closed, or the stock hasn’t hit the right price, or there are no interested buyers or sellers. No commission is charged if you cancel an open order before it executes.

    An unfinalized trade means your order was executed, but the money hasn’t actually changed hands yet, which takes 3 days.

    If you have a margin account, you can sell your shares on the day after you buy them. Or, if you have a margin account with a $25,000 balance or more, you can sell your shares immediately after you buy them.

    If you don’t have a margin account, you can’t sell for a profit until the trade is finalized, but you could probably sell for a loss if you wanted to.

  3. real estate says:

    hi,

    1. you must wait until the transaction done.
    2. no, they won’t charge if you cancel. You only pay if the order goes through.

    cheers

  4. Rocco Rotondo says:

    Can I continue drawing dividends while I am waiting for the sell?

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