How Does ASK and BID Work With Stocks?
Hi there!
I just got a little bit (or very) when I've placed my order recently, because I've set a sell limit order for a certain price where I wanted my shares to sell, and the price also got hit, but the order did NOT get triggered.
I've chatted with a representative of my broker then and he told me that the ask price did reach the price I've entered, but not the BID price and therefore it did not get triggered (since I was selling).
Now, I always thought that when I buy a stock that I buy it at the big quote price displayed but this person now told me that with any stock I trade I BUY at the ASK price of a stock and SELL at the BID price.
Now, I just want this to be verified from some of you, and tell me where I can get proper ask and bid prices in realtime since I don't see it at my normal chart.
Thanks,
Trado
PS: What does the normal quote price then tell you, if you have to look at the bid and ask price for trading??
