Snap Ticket - TD Ameritrade

[leto333]

well, never enter market orders prior to market hours, that is really the only no no.

if your not a long term investor, then I would say never purchase a stock at market in the first hour of trading.

If you are a long term investor then buy it whenever you want, but I still wouldnt enter market orders prior to the opening bell


Personnally I use contingent orders, meaning I can enter a limit order and if it is filled, it instantly executes another order which I have set up, usually a stop or trailing stop loss sell order. I set my limit orders based on support levels, and my stops just below that support.

Today's HANS http://finance.yahoo.com/q/bc?s=HANS&t=1d
price pattern is a good example of why not to buy market at the open, the high of the day was at the open of trading.

Some successful day traders make all thier money in the first two hours of trading by fading (selling) the open, they wait for a weakness or down trend to begin in the first hour and they sell it until it starts to move against them, they bank the profits and go play golf the rest of the day.

http://finance.yahoo.com/q/bc?s=GM&t=1d
http://finance.yahoo.com/q/bc?s=AMZN&t=1d

[Jeffmet3]

[ QUOTE ]
So in the future, what exactly should I do when I want to buy a stock?

I'm kind of new to this.

[/ QUOTE ]

Wait til the market opens in the morning.

For Ameritrade, they don't seem to want you to place orders which can't be traded live.