Hello,
You sell the stock and/or buy a stock based on the next closing price after you get the order in. So if you put in your order when the market is closed, you get the next trading day's closing price (eg, a weekend order gets Monday's close). If you put in your order when the market is open, you get that same day's closing price (a Monday 10am order also gets Monday's close).
There are some other rules, such as you must sell 100% of a holding (eg, you can't sell 10 shares out of your 13.26 shares of a given stock, you've got to sell either all or nothing), and for the buy side you can either specify a dollar amount to buy (eg, buy $20), or preferably a % of your available cash (eg, use 30% of the cash to buy 50% stock A and 70% of the cash to buy stock B). And you get two trade days per month, but on those days you can do as many trades as you want (eg, sell all 5 of my stocks, and put 30% of the cash in A, 30% in B, and 40% in C).
Good luck! |
