REVscene - Vancouver Automotive Forum

tiger_handheld · 01-30-2011, 03:39 PM

hey folks,

so i placed an rbc direct investing market sell order this morning (sunday) because i needed some emergency cash but now i no longer need it. so how do i go about stopping it? Has anyone done this before? called rbc but they are open from 7am est - just when markets open. my hope is to wake up at 4am and try to cancel over the phone.

trying not to sell if i dont have to. the stock is doing good

.

fast responses appreciated.

tiger_h

CT10 · 01-30-2011, 05:17 PM

I think you go into your order history and there's an option to cancel it

Devastator · 01-30-2011, 05:46 PM

go to TRADE and its under ORDER STATUS, it should say Pending/Cancel

Jermyzy · 01-31-2011, 02:27 PM

^What those guys already said. Also, FYI, for future reference (in case you didn't know already) settlement date is usually 3-4 business days. So you wouldn't be able to transfer any cash out of the account after the sale for 3-4 days anyways.

tiger_handheld · 01-31-2011, 04:57 PM

feel free to lock thread.

@jermyzy - i've had access to the proceeds 24hrs after trade... not sure why yours would be diff.

CT10 · 01-31-2011, 05:34 PM

Quote:

Originally Posted by tiger_handheld

feel free to lock thread.

@jermyzy - i've had access to the proceeds 24hrs after trade... not sure why yours would be diff.

Not sure what situation you were in, but equities is 3 bus. day settlement, while money market funds are 1 bus day settlement.

If you had your proceeds available after 24 hours...are you sure your account wasn't in a debit position and was charged debit interest?

tiger_handheld · 01-31-2011, 07:14 PM

yup. i've always been able to get my funds after 24hrs. i've been able to settle after 72 hours.

main reason why stuck around with rbc paying ridiculous commissions. number of times i've been able to flip within 72hrs and make a profit without using any of my funds...

i only do equities. am not confident enough to trade options.