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Old 01-30-2011, 03:39 PM   #1
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RBC Direct Investing - Cancel Sell order

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
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Old 01-30-2011, 05:17 PM   #2
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I think you go into your order history and there's an option to cancel it
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Old 01-30-2011, 05:46 PM   #3
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go to TRADE and its under ORDER STATUS, it should say Pending/Cancel
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Old 01-31-2011, 02:27 PM   #4
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^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.
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Old 01-31-2011, 04:57 PM   #5
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feel free to lock thread.

@jermyzy - i've had access to the proceeds 24hrs after trade... not sure why yours would be diff.
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Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.


Make the effort and take the risk..

"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
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Old 01-31-2011, 05:34 PM   #6
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Quote:
Originally Posted by tiger_handheld View Post
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?
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Old 01-31-2011, 07:14 PM   #7
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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.
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Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.


Make the effort and take the risk..

"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
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