Stop order after hours

Discussion in 'Ask any question!' started by Tradingrookie, Mar 2, 2020.

  1. Tradingrookie

    Tradingrookie New Member

    Joined:
    Mar 2, 2020
    Messages:
    2
    Likes Received:
    0
    My brokerage only let me trade between 930 and 4... I put a stop order and it didnt get filled. Is this the norm..thanks
     
  2. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    484
    Likes Received:
    632
    Stop orders pretty much always get filled, unless it was a stop-limit order. A plain ole stop order converts to a market order once the stop price is met.

    What time did you place the order?
    Did you get a confirmation that your brokerage took the order?
    What time did your stop price get hit?
     
  3. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    484
    Likes Received:
    632
    Another thing to check is your brokerage settings. I once had a brokerage many years ago that set a default 5% rule that if the market changed more than 5% your stop order would be ignored. You could call your broker to lift the default 5%, risking the possibility that in a dramatic fall (or rise) the price would leapfrog over your stop by 20 points and you'd be stuck with a huge market price gap from your stop price.
     
  4. Beatrice Brooke

    Beatrice Brooke New Member

    Joined:
    Feb 27, 2020
    Messages:
    2
    Likes Received:
    0
    Thanks for that! Now I will know what to ask my broker another time.
     

Share This Page