After last night's fiasco with the online sell order, I kinda thought today would be smooth sailing. Nope. My order did not get filled because my sell price did not get triggered. Of course, that particular part is not the fault of the brokerage, but when I tried to sell it today, I had more problems with them that were reminiscent of last night! They would not let me place a limit order to sell for one cent below the quoted price. I was forced to place it as a stop loss order, which would get promptly and automatically cancelled. Okay. Perhaps because of price movement, right? There was not much movement at the time, but I supposed that might still have been the reason. Tried again. And again. Tried using that brokerage's delayed quote AND tried using real-time. The bottom line is... come hell or high water, I was not going to be allowed to sell my position. I had to call them and bitch. I ended up having them put the sale through by phone and they waived their commission. I'm glad I did that. I've been accumulating more shares by selling at certain time$ and buying back in much lower as the market falls. I want to have whatever I can manage to get without further capital investment so I have a nice position on which to ride up into recovery without having much cash at risk. I'm not going to let some skeevy broker stop me.
And I just furthered the cause in after hours trading with the other brokerage! (Two accounts to get around the three day settlement rule.)
:-)
Subscribe to:
Post Comments (Atom)
oh man see this is why the stock market and us dont get it it didnt matter how many times we read this we still couldnt get our brain around it. Soem people are geniuses with all that and some like us are oh just give me a bank and a good interest rate and it cna go there:P
ReplyDeleteYou and Amanda are so savvy about this stuff! I just have a few little stocks. I tried day trading and lost a lot on it. So I just hold on to the penny stocks I have and see what they do.
ReplyDeleteThere's nothing wrong with a good interest rate on a savings account, JIP. It's a good thing.
ReplyDeleteI have a penny stock, too, Lily. I don't know what will happen with it, but I guess, like you, I will wait and see. :-) Maybe something will come of it one day. Thanks for bring the link to Amanda.