If you’re looking to buy a stock with your COL account, just follow these four simple steps:
- Enter your order details.
- Preview your order.
- Confirm your order.
- Verify your order.
Step 1 – Enter your order details.
In this tutorial, we’re going to buy Semirara Mining and Power Corp. (SCC).
Under Trade > Enter Order, enter your order details as follows:
Make sure the following are set correctly…
- Transaction – BUY
- Board – MAIN
- Term – DAY
For the stock code, type in SCC or click “Stock Code” to choose from the pop-up list.
# of Shares
For the number of shares, always refer to the board lot. The board lot indicates the minimum number of shares you can buy or sell.
Make sure you enter a number in multiples of 100 as indicated. For now, let’s buy 300 shares.
When buying, always refer to the “Ask” table. Choose the first listing which is 36.90 per share to get the lowest price available from the sellers.
When you’re done, click “Preview Order.”
Step 2 – Preview your order.
Review your order. Make sure you have enough funds to cover the transaction.
When you’re done, enter your password and click “Place Buy Order.”
Step 3 – Confirm your order.
After placing your order, you should receive confirmation details.
Step 4 – Verify your order.
To verify your order status, check the “Trading History” tab for details.
Looking at the status column, it seems that the order has been successfully executed.
In some cases, your order may not be executed right away. You can still view or cancel your order by going to the “View/Modify Order” tab.
Since our order had already been executed, we won’t be able to view or modify it any longer.
In this article, you’ve learned how to place a buy order online with a COL account using the regular “Enter Order” function.
If you have some questions, feel free to drop me a comment below.
Thanks for reading!