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๐Ÿ‡ฎ๐Ÿ‡ฉ What is the difference between market orders in dollars and market orders in shares?
๐Ÿ‡ฎ๐Ÿ‡ฉ What is the difference between market orders in dollars and market orders in shares?
Lucy avatar
Written by Lucy
Updated over a week ago

This one's a little tricky and best explained through an example.
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Let's say its 6pm ET, the market is closed and Apple ended the previous day at $100/share.
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John enters a market order in dollars for $100. Sheila enters a market order in shares for 1 share.
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The next morning, the stock price opens at $110/share (the US markets have after-hours and pre-market trading sessions that can affect the share price). Both John and Sheila's trades are executed at 9:30am ET.
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John gets 0.909091 shares for his $100.
Sheila gets 1 share for her $110.
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That's the difference between the 2 market order types!

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