Jump to content
  • 0

Stop at price instead of points

Question

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?

Share this post


Link to post

1 answer to this question

Recommended Posts

  • 0
Posted (edited)

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. :D

 

Edit:  Are you Spread Betting or Buying Shares?

Edited by nit2wynit

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×