Two days ago I wrote about how I was planning on buying stock because the market had a big drop. Well today I’ll show you how it went down and what I learned.
Yesterday at 9:14 am, I logged into my Zecco account to buy my 1 share of IVV (a simple S&P index fund) for $151.55. Zecco said the ask/bid price was $152.34. What’s that mean anyway?
The Bid/Ask price is Zecco’s way of telling what the stock will be at when the market opens. They were telling me the market was going open up higher than the day before.
Well, I didn’t know that the stock market opens at 9:30am. So I was early. I don’t know why, but I thought, “why not buy 2 shares of IVV”. So I put in my order for 151.60 for 2 shares. Here’s what I saw on my zecco screen: (more…)