Whats Estimated Comission when buying stocks?

Discussion in 'General Chat' started by bigidea_guy, Jun 11, 2008.

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  1. #1
    I bought stocks for the first time today, well it will be bought tomorrow, but it has en Estimated Comission of about $12 added to estimated total cost when using Limit as the buying option?

    Yes i know it might not be the best time to buy stocks.....
     
    bigidea_guy, Jun 11, 2008 IP
  2. Colbyt

    Colbyt Notable Member

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    #2
    $12 is a fair price for a limit order. A lot of the online houses offer $4-10 trades for market orders. That is just so much hype for the uninformed newbie.

    I never do market orders. I only do limit orders.

    Best wishes.
     
    Colbyt, Jun 11, 2008 IP
  3. donlin

    donlin Active Member

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    #3
    Scottrades are 7.00 market and 12.00 limit about the only good time to use a market order is if your stock is selling off fast and you want out fast, or you are wanting a stock thats shooting through the roof and want it at any nearby current price.
     
    donlin, Jun 11, 2008 IP
  4. bigidea_guy

    bigidea_guy Banned

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    #4
    ok, thanks a lot, it helped :)
     
    bigidea_guy, Jun 11, 2008 IP
  5. popowich

    popowich Well-Known Member

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    #5

    Scottrade is $7 for all stock trades. Market and limit for example are both $7.

    -Raymond
     
    popowich, Jun 12, 2008 IP