posted
I am new, and I have a question. If i have a stock at .082, and want to sell when it reaches .11. I understand that the best way to do this is to set up a limit order to sell. Is this correct? If so, do I set that limit order to buy at .11? Thanks for any help you can give.
Posts: 88 | From: Candy Land | Registered: Jul 2005
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posted
Sorry for the confusion, thanks for your reply though. Let me give it another shot at explaining my situation. I have a stock that is currently priced at: 0.082. I would like to sell it immediately after it reaches 0.11. What do you suggest I do, seeing as though I can't sit by my computer all day and watch it.
Posts: 88 | From: Candy Land | Registered: Jul 2005
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posted
enter a GTC (good till canceled) order for your target exit, .11--yes?
also, review your broker's terms; you'll probably see that with pennies, you'll get your order realized "as close as they can" type-of-deal. So far, this has not hurt me, and in fact has helped me.
posted
I trade at TD Waterhouse only online, and can't find a "GTC" as one of the options. Please advise.
Posts: 88 | From: Candy Land | Registered: Jul 2005
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posted
all brokers as far as i know have a GTC (good til cancelled) option.. its standard practice in the business.. if not then maybe you should change brokers to let's say ahhh Choicetrade.com ... also consider using stop/loss orders (stop sell) ....
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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