How long does a limted buy order normally take to complete?
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sable Valentine
AU United
Join date: 30 Apr 2006
Posts: 1,275
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03-24-2009 05:00
I don't do this too often, last night I put in a limited buy order at 20:20. It is 6:58 am and it is still not complete. When I have done it in the past I may have to wait at the most 30 minutes. But this long...? Should I cancel it and resubmit?
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Eli Schlegal
Registered User
Join date: 20 Nov 2007
Posts: 2,387
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03-24-2009 05:05
From: sable Valentine I don't do this too often, last night I put in a limited buy order at 20:20. It is 6:58 am and it is still not complete. When I have done it in the past I may have to wait at the most 30 minutes. But this long...? Should I cancel it and resubmit? It all depends on how low your bid is. I put one in last week at $1L higher than the highest open buy order and it went through almost immediately. If you above $261 then you may be waiting for days. |
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Paola Delpaso
Hippie Chick
Join date: 13 Jan 2007
Posts: 273
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03-24-2009 05:06
I believe you are referring to a L$ buy order with a limit on the Lindex, right? If so, the most likely reason is that your limit wasn't reached since you placed the order. Did you check current transactions? Maybe you're too far away from the current market price.
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sable Valentine
AU United
Join date: 30 Apr 2006
Posts: 1,275
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03-24-2009 05:06
From: Eli Schlegal It all depends on how low your bid is. I put one in last week at $1L higher than the highest open buy order and it went through almost immediately. If you are down below $260 then you may be waiting for days. I put in at 271L, should I have used 272L? |
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Eli Schlegal
Registered User
Join date: 20 Nov 2007
Posts: 2,387
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03-24-2009 05:14
From: sable Valentine I put in at 271L, should I have used 272L? There is almost $100,000 sitting there waiting for a seller between $268 and $270. If you want your order to go through sometime this year then you need to be below $268  |
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Eli Schlegal
Registered User
Join date: 20 Nov 2007
Posts: 2,387
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03-24-2009 05:17
I edited my first reply. I should have said "if you are above 261 you could be waiting for days".
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sable Valentine
AU United
Join date: 30 Apr 2006
Posts: 1,275
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03-24-2009 05:43
From: Eli Schlegal There is almost $100,000 sitting there waiting for a seller between $268 and $270. If you want your order to go through sometime this year then you need to be below $268 Thank you Eli, /big smooches. I'm going to change it now |
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Eli Schlegal
Registered User
Join date: 20 Nov 2007
Posts: 2,387
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03-24-2009 05:46
From: sable Valentine Thank you Eli, /big smooches. I'm going to change it now Yay I got smooches! |