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placing order



I have opened a demo account.

For a test drive I went to place a sell order on wall st cash $1 when markets were closed on Saturday 20 June ready for next open and it wanted me to place the order 640 points away from last low .

I wanted to place the order a 3 or 4 points from last low. Is it not possible to place an order a few points away, I dont want to be 640 points away, am I doing something wrong ?

Can I only place a close order while markets are trading ?


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