Real 101 Question

[Kudat]

Hey - new to this and I have a really simple question.  What is the points away value, by this I mean is it a %? I'm trying to use a 25% stop but when entering in the value it does not reflect 25%.  Anyway just thought I would ask.

 

[CharlotteIG]

3 hours ago, Kudat said:

Hey - new to this and I have a really simple question.  What is the points away value, by this I mean is it a %? I'm trying to use a 25% stop but when entering in the value it does not reflect 25%.  Anyway just thought I would ask.

 

To the left of the button you should be able to see 'pts away'. This means points away. If you want to position to close 10 points away you would put 10 in the box. 

Example: 

if the market price is 260 and you want a stop 25% away you will need to put (260 x 25%)  65 in the box.

I hope this helps. 

Charlotte 

[Kudat]

Thank you - So each "pts" is equal to what value please?

[Kudat]

Ah it's increments of cent's. Silly me.