Well that’s limit orders for you. Was that the bid or the offer price you were looking at though ?.
I have had that experience as well though, sitting there with a limit order active and you find that you can do a trade manually at a lower price ! Aaaaaargh. You just have to be quick and cancel the limit order and do the trade manually I think. I guess provided that you haven’t got enough cash on hand to fund both orders then you could cancel the limit order later as if they tried to execute it and you didn’t have the cash it would just fail. Wouldn’t fancy trying it myself though !!. Be afraid of ending up with twice what I wanted…
I take your point about the impact of the brexit vote never being fully priced in. Especially for particularly brexit sensitive stocks like LLOY. But IMHO you have to weigh that against the risk of being out of the market and losing out on market gains because of that.
Let’s face it the FTSE is 2.x% higher now than a couple of days ago and if you had too much cash on hand on Friday then it has cost you money. I had a significant sum in cash on Friday having held back on 2 buys “just in case”. Wish I’d just placed the orders on Thursday right now, but never mind maybe i will get better prices later. No choice but to try that route now.
And if the vote does cause a dip will It be bigger move down than Fridays move up ?. No way of knowing…
Hope you achieve your objective !