Guaranteed stop AND normal stop for a single position

[Guest Bjp1980]

Hi all,

Am I right in thinking that it is not possible to have both a guaranteed stop AND a normal (tighter) stop for an open SB position?  If so, has any one had any luck in achieving the same result by some other means (e.g. by having a guaranteed stop for an open 'buy' position and a 'sell' order above the guaranteed stop level as the normal stop)?

Given the large minimum distance of guaranteed stops for SB positions, I tend to use normal stops only. But, there is always the risk that I could be crucified with a large overnight move.  Would be glad to hear people's thoughts on this.

Thanks

Ben   

[Caseynotes]

Hi @Bjp1980, I think you are correct that you can't have a normal stop with a guaranteed stop but that you can have a reverse order with the same affect in the market. See the final post in this tread (note the Mods intervention was not concerning the point raised and that limited risk accounts expired in the EU with the recent ESMA ruling)