It means your order is ready to be submitted for that many shares at that price. IOts sort of like being off-stage waiting for your queue to go on and perform.
One of the mistakes "newbie" traders - those without any experience or knowledge - make is "just diving-in with both feet". You need to learn about the stocks or companies you are thinking about investing in.
BELIEVE ME: You're going to be be bombarded with LOTS of "tips" from LOTS of "sources".
By having a set of trading rules for the stocks you are thinking about investing in, You stay out of trouble and avoid losing money.
IF you don't have trading rules AND follow them AND "tweak" them, you'll make more mistakes and lose more money than you'll earn.
Investigate the different investments you have available to you. Make THE BEST investment you can: Invest in yourself - your own education. Once you have that knowledge, no one can ever take it away.
In the beginning “newbie” traders & investors DO NOT INVEST any money. It probably won’t be long when you’ll feel you’re ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in.
You should LEARN HOW:
A] the stock market works. B] to invest in many, many various ways. C] to properly trade
D] Properly manage the money in your trading account.
"Newbie" investors & traders ALWAYS make mistakes. In fact, throughout a person's trading, he/she makes mistakes.
In the beginning, you READ & LEARN about the market & how it works: Read "Investing for Dummies" As you read & do research about the investments you are interested in, sometimes you'll come across a financial or investment term you never heard before.
http://investopedia.com is a free site. It’s recognized by Y! A as a "Featured Knowledge Partner".
You can usually find excellent, easy-to-understand definitions of many financial & investment terms by going to Investopedia’s dictionary.
It also has a free, paper trading platform. You can set up a virtual account & almost trade as though you were trading with real money.
http://finance.yahoo.com is also recognized by Y! A as a "Featured Knowledge Partner"
THIS IS NOT SPAM: I DO NOT know this man. I am not associated w/ him in any way. I know of him & the wonderful book he wrote. You should invest in a copy of
“The Richest Man in Babylon” by George S. Classon. You can get the book on http://amazon.com
Its easy to read & follow. You can write in it & make notes in it. Simply read five [5] pages of this book - or any book - each and every day.
OR You can leave it on the shelf, on a table or on the floor & let it collect dust.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!