Stop at price instead of points

[tmattias]

When placing a market order I have to set stop at a specific point away. Instead I want to set it at a specific price.

Also is it possible to set the qty based on a specific amount of $ risk (based on the stop price) for at market orders?

[nit2wynit]

Hi, you need to consider the Spread also.  If your Stop is within the Spread it might not be possible.

For instance, if the Spread is 6pt (the difference between Buy and Sell price) then the order or Stop will Fill either side of your desired Stop depending on Long or Short position.



I think.

 

Edit:  Are you Spread Betting or Buying Shares?

Edited June 23, 2020 by nit2wynit