Jump to content

Stop Orders - place x2 at the same time


Recommended Posts

Hi - i'm looking to understand whether it is possible to place x2 stop order's at the same time, which if the first is filled then the second auto cancels. I'm trading intra-day and often see where the price level remains within a small range for a period of time and then breaks to the upside or downside. 

Link to comment
8 minutes ago, wixy24 said:

Hi - i'm looking to understand whether it is possible to place x2 stop order's at the same time, which if the first is filled then the second auto cancels. I'm trading intra-day and often see where the price level remains within a small range for a period of time and then breaks to the upside or downside. 

Hi, yes you can place a stop order above and below the current price but not sure which platform and if has a OCO (one cancels other) function, you may need to manually cancel the one not triggered.

Link to comment
Guest Firewing

Hi,

I'm new to trading. I have a somewhat related question.

Suppose I buy index stock X at 1,000 with stop at 40 but no upper limit. After some time it rises to 1,500. Can I put in a mechanism that sells the stock if it falls to 1,400? This way I won't have to worry about taking in a loss.

Link to comment

Hi,

I'm new to trading. Have a question. Suppose I buy stock X on the index at 1,000 with a stop of (at 960). The index rises to 1,500 after some time. Can I use a mechanism to sell the stock at 1,400 to stop any future loss in case it does go down to 960?

Link to comment
15 hours ago, Firewing said:

Hi,

I'm new to trading. Have a question. Suppose I buy stock X on the index at 1,000 with a stop of (at 960). The index rises to 1,500 after some time. Can I use a mechanism to sell the stock at 1,400 to stop any future loss in case it does go down to 960?

Hi, yes a stop loss order is just an order to sell the same amount of stock at a set price below the current price. You should be able to move your original stop but if not you can create a new one.

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,282
    • Total Posts
      90,911
    • Total Members
      41,397
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    matchifang
    Joined 07/02/23 01:14
  • Posts

    • European Stock Market Elliott Wave Investing Strategies Content DAX 40 - FTSE 100 - DXY - GBPUSD - EURUSD Market Summary DAX Wave (v) / FTSE Top. Elliott Wave Analysis DAX 40  Wave (v) of v) of 5. Forex Pairs Tops Trading Strategies. Nil Video Chapters 00:00 DAX 40 (GDAXI)  05:25 UKX / FTSE 100 10:56 Forex GBPUSD / EURUSD / DXY  18:16 TRIAL Buy 1 Month Get 3 Months Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com    
    • Stock Market Investing S&P/ASX 200 Elliott Wave Technical  Analysis Content ASX200, CBA, IRON ORE, BHP, RIO, FMG,GOLD, NCM, GDX, PLS, LTR, DXY, AUDUSD, GOV-BONDS Summary Strong USD Turns resources lower. Banks still edging higher, creating choppy ASX200 possible top... Elliott Wave ASX 200  Wave (1) top Strategy ASX200  Very choppy environment. No Strategy. Video Chapters 00:00  S&P/ASX 200 (XJO)  / USD DXY 11:36 Commonwealth Bank CBA, XXJ 13:00 BHP Group (BHP), Rio Tinto (RIO), Fortescue Metals Group (FMG) 18:32 Newcrest Mining NCM / GOLD XAUUSD GDX 27:50 Lithium Stocks,PLS 30:52 AUDUSD / US Dollar DXY 36:46 TRIAL Buy 1 Month Get 3 Months Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  
    • Look Ahead to 07/02/23: RBA; GB Retail Sales; BP, BNPP earnings Australia’s central bank is likely to deliver a fourth consecutive quarter-point interest rate hike, after further tightening by the Fed, the ECB and the BoE. Brace for UK retail, earnings from BP (BP) and BNP Paribas (BNPP). Also, look out for US trade balance figures and Halifax house price data ahead of key UK growth data out later in the week.    Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 06 February 2023        
×
×
  • Create New...