Wed 2/26/2020 03:30 ET
DJIA27081.36853.063.15%TELCO186.293.171.70%GOLD1649.950.000.00%Shanghai2987.9324.800.83%
S&P 5003128.2194.783.03%BANKS459.7319.774.30%OIL49.610.290.58%BITCOIN9187.75152.521.66%
NASDAQ8965.61248.352.77%PHARM592.889.961.68%US/EU1.090.000.00%Futures3141.629.110.29%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Gurus Answer Questions    Gurus answer your questions about the art of trading.

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  
From: Stan1trade (Rep: 0) reply to vaporizeDate: 07/02/2019 22:09
Forum: Gurus Answer Questions - Msg #679Thread #674087823 (Rec: 0)
Re: Is there a way I can place both: "Stop Loss" and "Sell Limit" at the time of ...

I don't know specifically, but ThinkorSwim had some pretty sophisticated order entry back when I was using them a few years ago. I imagine they have only gotten better.

I'd just call the broker and ask.



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.

What would you like to do? Message: Endorse | Bookmark | Report AbuseUser Stan1trade: Reward | Watch | Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.