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| Topic | Stock Topic 25 |
| CoolCly 03/19/21 5:00:49 PM #312: | Sunroof posted... What should I make it be? Try not to let what people are asking for decide what you will do. If there's a bid of $1.25 and an ask of $1.75, if you are trying to buy dont just set it at $1.75 to buy it instantly or if you are selling set it to $1.25 to dump it. Set somewhere that seems reasonable to you. There might be recent sales data telling you it went for $1.55 or something that might help you make a choice (and the "price" you see for a stock on your broker or on the internet might be an average between the bid and ask or the most recent trades) Choose the price you think is right, and don't always feel the need to chase the price up or down to make the trade happen. Just because the ask is $1.75 doesn't mean you should buy for $1.75. If a deal doesn't fulfill, maybe its best to just let this deal go. Once you decide "i want to buy/sell this stock" it can be easy to fixate on just making it happen at any price, but you should try and recognize that feeling and manage it. BTW, you've probably picked this up now, but the market buy orders will just straight up go to whatever the bid or ask is, which is why they are so risky. The available bid/ask might not be a good deal. So don't feel like you you should set your limits there either. --- The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG ... Copied to Clipboard! |
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