/biz/ - Business & Finance

Anonymous Thu Jul 19 09:31:21 2018 No.10331797 [View]
File: 7 KB, 563x70, (((adjusted))).png [View same] [iqdb] [saucenao] [google]

So I think I've figured out why Etrade "adjusts" my stop loss orders sometimes. It appears that if I'm holding a company into its ex-div date and have a stop loss order set for it then Etrade will automatically adjust my stop loss order based on the dividend payout.

I had a stop loss order set for CAT at $129.65, I held CAT into the ex-div date and they have a payout of $.86 per share and Etrade adjusted my stop loss order down $.86 per share to account for the dividend I'd be receiving from the stock.

I'm not really a fan of having my orders adjusted but at least now I know WHY they've been getting adjusted occasionally.

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/biz/ - Business & Finance

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