Description: The article is about etrade login. The author introduces about how to but stock on e-trade. He is writing this article because he wants to show the readers what to do and what not to do so that you don’t make the same mistakes he ever did on buying stock.
Welcome to another exciting installment of Millions from Millennials. Today we’re going to discuss how to buy stock on e-trade. This is the summer of 2016. This will be the updated version. Let’s check it out. We’ve got our etrade account. We’re going to hover over trade.
I’m going to go over stocks because that’s what we’re looking at. I’m going to place in my symbol which is basically the ticker of the stock. For examples I will type in AA and the quantity I’m going to buy one. To be safe I will only buy one. We’ve got a couple options,buy sell or short position and buy to cover short position. For examples I’m going to choose buy. I’m going to choose a market price type for our price type. We have another slope options. We can buy on the close of the market at 4 p.m. when the bell rings.
We can buy at the limit which is you won’t pay any more or less for a stock than your desired limit price. These four options are quite advanced. For example I’m going to go with these three. Those are the more kind of novice general buy orders that beginners would post. Next for our Terms,obviously it will be good for the day. I wouldn’t want any longer.
We’re going to preview our order. We have a summary of our order. We’re going to buy one share of Alcoa Inc at nine dollars and 89 cents on the market price. Now the thing with putting in market orders is that they may be put in at nine point eight nine which is the last price. In the time it takes times to send the order from your computer to etrades rerouting system to the actual stock exchange.
There may be a fluctuation in the stock. You may have the stock put in at nine dollars and ninety two cents or it may be put in at $9.83. It may fluctuate. You may go up or may go down at the time or it may stay neutral. That’s the risk you run with market orders. It’s not good. It’s not bad. If you have money to spare then it doesn’t matter.
But if you want to be precise with your investments and you have a real number I’m going to show you how to place an order effectively to get that nine point eight nine or nine point nine one or ten dollar order. I’m going to change this order. I’m going to say that I want to put a limit order.
Now with this limit order you can put a desired price range. If the stock is trading at nine dollars and 89 cents and I don’t want to pay any more than ten dollars,I’m going to put my limit at ten dollars. That means that my order will be placed at one share in any price range in between nine dollars and 89 cents and ten dollars. I won’t pay any more than ten dollars when my order won’t be placed in. I’ve placed good for the day.
You can place this for a lot longer good for sixty days immediate or cancelled,fill or kill or extended hours. I tend to stick with either good for the day or fill or kill. If I don’t get it fill or kill and I won’t invest then all invest will in a different time. I’ll preview my order. I’m buying again. My total cost is 99 with the 999 Commission. It’s $10 commission because it’s a lot easier to say that. That’s how to put in your basic orders on each trade. I hope you found this informative.
I remember the first time I put an order I did not even know what a market order was or a limit order and what the difference between them. That shows my motivation for making these. I want to show you what to do and what not to do so that you don’t make the same mistakes I did. I’m still learning though like I said earlier. I’d love to go on the learning curve with you too.