posted
Hey. I know this is kinda silly question but when I want to sell for no less than a certain amount of $ do I set the sell order to stop or stop limit?
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quote:Originally posted by One Question: Hey. I know this is kinda silly question but when I want to sell for no less than a certain amount of $ do I set the sell order to stop or stop limit?
Stop sell is a market order - once it hits your stop sell price it sells at market which may be well below your price - you could lose.
Stop limit sells once it hits your stop, but then will only sell at this stop so that if the price keeps going down you could miss out on selling all of your stock.
quote:Originally posted by Art: Stop sell is a market order - once it hits your stop sell price it sells at market which may be well below your price - you could lose.
Stop limit sells once it hits your stop, but then will only sell at this stop so that if the price keeps going down you could miss out on selling all of your stock.
posted
Limit would be correct but you may also want to set it for " All Or Nothing "
Which means they have to take it all at once. This keeps them from just taking part of your shares and you getting stuck paying more than one commission for multiple sales.
posted
While you people are answering questions, here is one for ya. If I have like $600 cash in my account and $300 from the proceeds of a sell (less than 3 days) and I put the two together and buy another stock. Will my account be frozen or whatever they do when you violate the less than 3 day rule?
Posts: 474 | From: Central PA | Registered: Oct 2003
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posted
You only run into a problem if you sell the new stock you purchase before the 3 days.
Posts: 3122 | From: Cleveland, Ohio | Registered: Jan 2000
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posted
I wouldnt put all $900 in only one stock.. spread your risk... if $900 is all you have in your account.. maybe use 1/3 to buy one stock, 1/3 another stock etc.. so if one tanks you have other different stocks..
Posts: 3880 | Registered: Mar 2004
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