Would probably need assistance to figure out how to do that.gotsand said:TOS allows submission/cancellation of orders based on conditional statements (symbol/method/trigger/threshold). Possibly a stop limit with a condition submission at your 1st stop price?mazag08 said:Because I want to maximize gains while I'm not able to be actively watching it. I want to go for my ultimate limit order but have it sell before a dive if it doesn't quite hit itgotsand said:I didn't catch that. Why wouldn't you set a straight limit order then?mazag08 said:Higher than the current market?gotsand said:Stop limit orders allow you to specify both a stop and limit price.mazag08 said:I already own the stock. I want to maximize gains. A standard limit order would sell once its hit. I want an order that "turns on" once a target is reached, sells if it hits a higher target, but also sells if it doesn't hit the high target and falls below the original target.McInnis 03 said:Stop buy order with a stop loss order accompanying it. Bracket orders are possible in TOS but I don't know how to do themmazag08 said:
Dumb question..
If I'm expecting gains in the market price of a stock, is there a way to set an order that triggers above a certain price and then executes the sell if it falls back below?
Example:
Market Price $1.00
1st trigger (which would become my stop once triggered): $1.20
2nd trigger (want it to sell the second this is hit): $1.25
Guaranteeing myself a sell between $1.20 and $1.25.
Only reason I ask is my day is about to get crazy busy and I'd love to just book something like this for one of my trades and then walk away.
I thought it was only lower than market when selling?