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Learning to Invest / Investing Beginners


Subject:  Re: Buying a Stock Date:  1/30/2019  8:37 PM
Author:  pauleckler Number:  29224 of 29598

Did you make a market order?

You can lock in a price by entering a limit order. If you place your order between the bid and ask prices, it will usually fill quickly at the price you specify. If you chose a price outside the bid/ask range, it may take a while to fill or may not fill and have to cancel.

Limit orders keep you in charge of the share price. Market orders are usually fine when the stock is actively traded and the bid/ask range is small. But there are times when a limit order is useful.
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