Jump to content
  • 0

"rising buy" option


bagmaker

Question

10 answers to this question

Recommended Posts

  • 0
14 hours ago, TheGuru12 said:

How would that work?

Its a feature of some other platforms I wish was here. Imagine you were watching a stock you thought was about to break out, maybe today, maybe next week but you think will run long, well. Its popping up against $1 repeatedly. So you place a "rising buy" order for the volume you want with a trigger of (say) $1.05. When the stock breaks out and passes $1.05, your order is filled as quick as the market will offer.

Normally you would have to sit on the buy ticket waiting for the breakout, by the time you have actually bought it the bots will have driven the stock up many points and you may lose the run. This style of buy helps get in at the bottom of the run.

Kind of the direct opposite of a "stop loss" order

Cheers

Link to comment
  • 0
3 hours ago, bagmaker said:

That looks like what I need thanks HMB but I cannot get those options on my platform, is yours an upgrade of some degree?  Cheers

 

image.png.c50a18690de64acaad079509baded85b.png

looks to me like what on my platform (IG spread betting) is called "price level", is called "order level" on your platform. 

 

in the order type field - can you select "stop"?

Edited by HMB
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
×
×
  • Create New...