Can anyone explain the differences?
Posted by Machiavelli on :
put a limit order... then after your order is executed then put a stop/loss... never a Market order unless you absolutely need to get out of a stock quickly and can't wait for a limit order... but anyways you should not be trading at all if you do not know the different orders.. means you do not know anything about trading in general... buy some books and educate yourself first.. below is a good starting book:
A Beginner's Guide to Short Term Trading by Toni Turner www.toniturner.com Posted by Doniboy on :
Scottrade says:
Stop and Stop Limits are not accepted for Bulletin Board/Pink Sheets orders through either the internet site or through a broker.
Posted by BuyTex on :
choicetrade allows stops, ie "stop limits", on pennies...
Posted by Doniboy on :
Maybe I should switch. I'd like to use trailing stops since I can't sit in front of the computer all day.
Posted by BuyTex on :
no trailing stops...only stop limits; protects capital, not profit...
Posted by Doniboy on :
bummer...trailing stops are the best...
Posted by Machiavelli on :
quote:Originally posted by Doniboy: Scottrade says:
Stop and Stop Limits are not accepted for Bulletin Board/Pink Sheets orders through either the internet site or through a broker.
Thats cause scottrade sucks... still amazes me that people still don't see that and that there are better options out there in terms of a broker... Choicetrade is better IMO .. and they have "Stop" orders and "Stop/Limit" orders ... no trailing stops but from what i gather they will offer that sooner or later.. but anyways with their two stop orders you'll just have to change it manually after market hours (can't change it till 8:30 PM EST because of AfterMarket hours trading) everyday but that is a minor inconvenience as long as you have access to a computer/Internet when you get home at night etc...