Tips for online investing
Trading online can be a great way to handle your investment portfolio, provided you keep in mind a few basic tips:
- Research before you trade.
- If you place an order, do not assume it did or did not go through. Confirm.
- If you cancel an order, make sure your initial order was actually cancelled before placing another trade.
- When trading on margin, be careful of margin calls.
- Note: online stockbrokers are not required to execute your trade within a certain time limit.
- Before you trade, know why you are buying or selling and the risk of your investment.
- Set your price through a market limit order rather than a market order. By using a limit order, you can protect yourself from buying the stock for a higher price — or selling it at a lower price — than you intended.
Securities products are offered through Compass Brokerage, Inc., member FINRA and SIPC and insurance products are offered through Compass Insurance Agency, Inc., each an affiliate of Compass Bank.
