This is my first post and in fact fist stock purchase and I need some clarification if someone could help.
I placed an order for few shares while the market was still closed. As soon as it opened the deal has been executed but the price I somehow paid was well over where the market has been today.
As you can see per picture below my trade was executed at $18.80 but the market opened at $17.70.
The buy sell spread is only few pence. Is it something to do with currency $ vs £ moving against me?
Would appreciate some clarification on what has caused my trade to be over market valuation.
Chart shows the SELL price. Your buy order gets executed at BUY price. If the BUY is at 18.80 at open, it will execute at that level. Advice: use a limit order. Then you can specify your maximum price.
Many thanks, I thought it might have something to do with the buy sell spread but the spread seems to be very high, compared to what it is currently 3p.
The spread wasn’t wide on open it’s just a case you had a market buy on open which bought and then it dumped so both the ask and bid then dropped together.
It’s never advisable to buy on open, especially with a market order, use a limit to avoid losing out.
And it’s advisable not to buy NKLA at all.
The app is WeBull but the other is recommend is TradingView.
This is the order book view, T212 sees the top row.
Well thats very much a personal thing, so the chances of having the same risk and strategy is low but I’m heavy on Gold and Tech, EV, Lithium and Hydrogen.
The key reason for not touching NKLA is its a scam company from its VTIQ merger it got pumped on lies to a 100 and then dumped. It’s been bleeding out ever since. In September the short seller published a good amount of them including the funny one about it rolling down the hill. NKLA stupidly answered them and said things like we didn’t say it was powered just ‘in motion’ etc. Trevor Milton stepped down hoping to avoid Jail. GM got onboard and then had to exit without Mary Barra looking like a complete idiot for not doing DD. The whole thing is a shit show.
