The order has been accepted. But you still haven’t locked in the price.
On Binance Stock Trading Market orders can be placed outside the main trading session. According to the FAQ, such an order is queued until the market next opens.
This is where it’s easy to carry over a habit from crypto spot trading: you tap Market and expect the trade to happen right away. But for stocks, it’s not only the order type that matters, but also the hours when it’s active.
So the takeaway is this: an accepted order does not "reserve" the quote you saw when you clicked. A Market order implies execution at the available market price, and that price may change while you wait.
For me, this is the line between convenience of submission and price control. If a specific entry price matters, I’d consider Limit, understanding that execution is not guaranteed.
#TradFi
On Binance Stock Trading Market orders can be placed outside the main trading session. According to the FAQ, such an order is queued until the market next opens.
This is where it’s easy to carry over a habit from crypto spot trading: you tap Market and expect the trade to happen right away. But for stocks, it’s not only the order type that matters, but also the hours when it’s active.
So the takeaway is this: an accepted order does not "reserve" the quote you saw when you clicked. A Market order implies execution at the available market price, and that price may change while you wait.
For me, this is the line between convenience of submission and price control. If a specific entry price matters, I’d consider Limit, understanding that execution is not guaranteed.
#TradFi
