With the recent volatility one may want to purchase stock based on the after hours price as soon as markets open.
I ran a few tests recently and i wasn’t able to achieve the above.
Orders put within a minute of the market opening seems to fail entirely.
Orders put within around 3 minutes of market opening gets stuck on “processing” screen, sometimes it does get “completed” after few minutes but if you close the app the order gets marked as “queued”. You then cannot cancel it for around 15 minutes and it gets marked “completed” in around 15 minutes.
Is this how it is supposed to work? How soon after market-reopening are we supposed to be able to purchase something?