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Changes

370 bytes added ,  23:52, 20 April 2021
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Bid is the '''highest price traders''' are willing to pay.  
'''Bid''' is the ''highest price'' traders are willing to pay.  


Ask is the '''lowest price traders''' are willing to accept for this security.
'''Ask''' is the ''lowest price'' traders are willing to accept for this security.


Bid size and Ask size are the number of shares being offered at the Ask and Bid prices, in board lots of 100 (for stocks more than $1)
'''Bid size''' and '''Ask size''' are the number of shares being offered at the Ask and Bid prices, in board lots of 100 (for stocks more than $1)
 
 
 
 
Trading notes to avoid fees/costs.


=== Avoiding fees on Questrade ===
For example, I sold 5658 shares and was charged '''$29.75 commission'''. $19.803 of that could have been ECN fee. Max commission $9.95 + $19.80 = $29.75
For example, I sold 5658 shares and was charged '''$29.75 commission'''. $19.803 of that could have been ECN fee. Max commission $9.95 + $19.80 = $29.75
[https://www.questrade.com/pricing/self-directed-commissions-plans-fees/transaction Questrade]
[https://www.questrade.com/pricing/self-directed-commissions-plans-fees/transaction Questrade]


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* Odd lot orders can trigger an ECN fee, regardless of the order type and/or order duration used
* Odd lot orders can trigger an ECN fee, regardless of the order type and/or order duration used
* '''Trades executed at market open or market close'''
* '''Trades executed at market open or market close'''
=== General Notes ===
IBKR, Qtrade and TD don't seem to have surprise fees. It seems more worthwhile to use TD when making a purchase of more than 2000 shares to make it worthwhile (9.99 + 9.99 = 19.98) for entering and exiting a position.
Even with a positive news the stock may fall, especially at market open. Avoid market open as it's more volatile.
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