Cancel or replace an order
After placing an order, you might have the option to cancel or replace it before it’s executed within the app.
You can cancel any pending order. However, you currently can only replace a pending stop order or a limit order with a new order for the same order type (stop or limit) it’s replacing.
You can only cancel or replace pending orders in the app. You can’t replace an order that’s been executed in the market or in your account through the web.
Check out Trading with Robinhood Legend for information on how to cancel or replace an order in Legend.
To cancel or replace a pending order in the app:
Even if you try to cancel or replace a regular-hours order (good-til-canceled or good-for-day) for a NASDAQ-listed stock between 9:25 AM ET and 9:30 AM ET, we’ll keep the order open in the pending state until the opening cross for the stock. The opening cross usually happens at 9:30 AM ET. This is a NASDAQ rule that we can’t change, so be sure to cancel or replace your pending order before 9:25 AM ET to avoid an execution.
You can cancel a pending fractional order the same way as you would cancel a pending whole-share order. However, you can’t replace a fractional order.
Also, the following are a few times when you can’t cancel a pending fractional order:
During a trading halt: If a security or the market overall is experiencing a trading halt, you may have the option to cancel pending fractional orders, but the cancel requests won’t be processed until the halt is lifted. These halts aren't Robinhood’s decision and the timing of them is beyond our control.
Between 9:20 and 9:30 AM ET: If you placed a fractional order outside of trading hours and you want to cancel it prior to market open, you must do this before 9:20 AM ET. You can’t cancel fractional orders between 9:20 and 9:30 AM ET because it's too close to the market open.
If you place a fractional order and it’s routed to a market center but a trading halt goes into effect before the order executes, you can't cancel it. The order will execute when the halt is lifted.