I make a limit order say for XYZ stock. I put in my limit order at 4.02 cents per share for 1000 shares. When it executes it says I got them at 4.02 cents per share but it shows up in my portfolio as 4.12 cents as being paid. Is the broker tacking on each share additional cost, or is it the bid ask spread, or am I missing something? I cant find anything that addresses this directly. If the bid is 4.02 and the ask is 4.12 how is the best way to work around that. It looks like if i put a limit buy in for 4.02 it uses the ask but goes by the bid?? All I see is the limit order purchase questions, not the limit order bid ask specifics. I want to pick up those extra few cents instead of paying them
This is something you should call your broker about. If it says it executed at 4.02 then that should be your cost basis. Also, do you note your cash balance before the transaction and then after the transaction? How does that math turn out?
I'm pretty certain it was limit order and didn't somehow change back accidentally. I didnt think to check th math. I can go through and see if I can discern something from that. Thanks.
Is this a stock you previously sold short time ago? If so, for tax purposes to avoid wash sales they usually add/average back the old buy price
