Buying the open

[PeterMinge]

I’m trading using Selfwealth and frequently have my orders fail/rejected when attempting to buy the open. Can someone advise me how to buy the open. I’m trading ASX stocks.
Thanks Peter

[JulianCohen]

Are you adding around 3-5% to your Limit Price when entering a Buy at the open? I’m not sure how self wealth works but with IB in order to get the price that is used in the open in the ASX, you have to place your order in the opening auction. To do that you place a Limit order around 3-5% higher than yesterday’s close.

[Nick Radge]

I have several SelfWealth accounts and never have an issue.

As Julian says, place the order 3%-5% above yesterdays closing price and ensure it’s done that way before the market actually opens.

[Author]

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