The Graystone Company, Inc. (GYST)

[Shepo69]

market order will sell at what ever price is currently at bid.. BE CAREFUL OF MARKET ORDERS ..
If there is no bid support..you not going to get a good price.
example: sell 10000 at market.. Current bids are 5000 at .5
1000 at .4 1000 at .1 3000 at .01
you would get .5 for your first 5000 and then .4 for your next 1000 and so on down to .01 for your last 3000..
and at the same time drive the price down to .01 .. Same goes with a Market BUY.. it will fill with out concern to the price.. so you coudl end up paying a lot for a stock if the asks are small and thin.


Always use limit sells and buys.. that means your selling or buying at a specific price. also use GTC orders.. ( GTC means Good Till Cancled) That way the order will stay open until it is filled or you cancle it. If you use a normal limit sell or buy.. it will automatically cancle at the end of the day.. which is ok unless you only get part of an order filled. Then you have to place the order again next day and it will cost you another order commission to place the order again the next day..



Stop limits are just orders you place to sell a stock at a specific price below the current bid.. as a saftey measure. it will execute only if the bid goes down to the the price you set..
So as long as the price stays above your stop limit.. the order wont actually be placed.