I opened an etrade account how do i buy stock?

Question

i clicked buy on the stock i wanted to purchase shares from and it asks me if i want to buy/sell and then below that it asks if i want market/stop/limit/etc. this part idk about. ik what buy and sell means but the market and limit stuff i dont understand i just want to buy like 150 shares at 27 cents a share

Answer 1

Study from the web of your broker

Market order

Limit order

Stop loss order

Trailing stop order

Allocation

Margin

Dont trade till you are cofortable with these terms

Answer 2

Limit order is something you should know about. It basically limits your loses. If you buy stock for 50 and your limit is 45, your stocks will be sold if the prices dips that low.

Answer 3

Here's how it works:

market--you buy or sell the stock at the current market price.

Limit order--you buy the stock (or sell at no less) than a specific price.

Stop order-- is an order to buy (or sell) a security once the price of the security climbed above (or dropped below) a specified stop price. When the specified stop price is reached, the stop order is entered as a market order (no limit). For example--you enter a stop order to buy at $1. Once the stock reaches $1 the order is "activated" and then is executed at the next available price, which can be either above or below $1.

By the way, I would stay away from stocks priced less than $5/share. Way to risky

Answer 4

there's no way you should be buying stock or making any other investment until you learn what you are doing.

The smartest thing for you to do is to educate yourself, not only about the market but how it operates, what is traded in the market and how to trade it.

Here's some websites for you,

http://moneycentral.msn.com/home.asp

http://finance.yahoo.com/

http://www.investors.com/?tn=top

http://investorshub.advfn.com/default.as...

http://www.thestreet.com

http://www.brokerage101.com/

http://www.1source4stocks.com/

http://www.decisionpoint.com/TAcourse/TA...

http://stockcharts.com/

http://www.grahaminvestor.com/

http://www.thestreet.com/

http://www.morningstar.com/

http://www.dividenddetective.com/

The last thing you need at the present time is a brokerage account and if anyone tells you differently, they don't understand the importance of sound investing/trading advice nor are they really helping you

Answer 5

Here's one of the MANY links to read up on the type of order:

http://www.essortment.com/all/moneyinves...

Also, let me caution you.  You're delving into penny stocks, and it is a VERY volatile place most of the time.  Most people who play in the penny stocks lose a considerable amount of their invested capital.  So don't invest anything you can't lose.  Effectively, it sounds like you are gambling here, not investing.  But since it is only $40, I guess it isn't a huge loss.

Good luck to you.