Whenever you place a trade, the default order type for equity investments is to buy in full share quantities.
You can always change your order type to a Market Order to buy in dollars, a Limit Order, or Stop Order, or a Stop Limit order. Please note limit orders or stop orders can be done only with whole share quantities.
Choosing your order type in the app:
From the order page, whether you are buying or selling, select the drop-down at the top left of the order page
From the drop-down you will see “Market orders”, for both dollars and share quantities, “Limit Order”, “Stop Order”, and “Stop Limit Order”.
Please note that, when you place a Limit or Stop order, the stock might not reach your price. These order types can go unfulfilled and will be canceled if they are not fulfilled within 90 days by default. You can also edit your duration by clicking on the “active for” link during the order process.
For Limit Orders, you also have the option to choose which trading session you would like the order to be active for. When selecting the “trading session”, you can choose Market, Extended Hours, or 24 hours.
Extended hours orders will fill from 4:00 AM ET to 8:00 PM ET, 24 hour trades will fill from 8:00 PM Sunday to 8:00 PM Friday ET, and Market hours will only fill during regular trading hours.
If you ever have questions, our team is here to help. We are always available at support@public.com or in the app.