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Forum - Gurus Answer Questions    Gurus answer your questions about the art of trading.

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From: Stan1trade (Rep: 0) reply to vaporizeDate: 06/26/2019 11:56
Forum: Gurus Answer Questions - Msg #674Thread #674087823 (Rec: 0)
I believe it totally depends on your broker and the software you use to place trade orders. TOS has some pretty sophisticated order entry I've used in the past.

Not sure about robinhood.

Call them and find out. That's the best way.

Re: Is there a way I can place both: "Stop Loss" and "Sell Limit" at the time of ...



Reply to vaporize - Msg #673 - 06/24/2019 03:26

Is there a way I can place both: "Stop Loss" and "Sell Limit" at the time of purchasing the stock? That way the stock auto-sells if it falls below a previous low (support) or auto-sells if it reaches a previous high (resistance).

For example in Robinhood (RH):

I bought 100 shares of AMD at $30 with a "Stop Loss" at $29.00. I want to auto-sell at $31(previous high) but RH said I cannot place the "Sell Limit" order since I already have a "Stop Loss" order in place.

I missed out on selling shares at $31 while I was at work. Now the stock is at $29.10. If I had placed a "Sell Limit" order instead of "Stop Loss", it would have sold at $31. But I dont want to leave a stock with only "Sell Limit" order without a backup "Stop Loss" order.


If RH does not have this feature: is there another broker that has this feature?

Is this known as OCO (One-Cancels-the-Other Order) or is there another name for the feature I am describing above.

Thank you

NOTE: This message was originally posted on 2019-06-24 00:45:21 by the vaporize.

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