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Question
trading_panda
I was taking a nap in my garden on a Sunday afternoon and had a vivid dream about stock X gapping up on Monday open - Like any newbie retail trader, I decide to act on it.
Assume stock X closed at $100 on Friday, I'd be happy to risk entering a LONG trade at maximum $110 to capitalise on my dream - what order should I place here so that my fill (if filled) is guaranteed to be $110 or better?
Thought about using a limit buy order at $110 so it would get filled (if filled) at $110 or better - but clearly not doable because it's in the wrong direction.
If I place a stop buy order, then my fill level is not guaranteed if it really gaps up.
Any help is appreciated!
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