Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
I made a rookie mistake the other day. While buying shares of gold miner stock, I punched in the number of shares I wanted and hit “buy.” The order filled instantly, which made me happy as the buy was more of a shorter-term play. What didn’t make me happy was the fact that the purchase cost me more than estimated.
The reason why? I simply wasn’t paying attention to the kind of purchase order I was selecting.
While my error only cost me a small amount in the grand scheme of things, using the wrong trading order type could be a huge problem for some investors. A problem that could end up costing you thousands if you’re not careful.
Day traders should follow these seven big rules.
My problem and the reason for my headache with Kinross Gold (KGC ) comes down to a concept called slippage. Prices for stocks, or any asset for that matter, is driven by supply and demand. The more people want a stock, the more it is valued by the market and vice-versa. And since there is a finite number of shares for any given stock, even mega-caps, supply/demand is what will drive the price of the stock.