Your broker may allow you to set a MOC(Market on close) order. I
think bkout posted a screen shot of it for IB. I never used a MOC,
so I can't say more about it. I personally do a market or limit
order at the last possible second.
Watch out for Fridays because it's OEX. It may be better to wait
until the last second to enter. The action can get extremely wild
between 3:50-4:15 EST. Option players have a lot of money to throw
around.
hey guys im not sure if this is available for all brokers but i
took a quick video showing how to setup a conditional order in
ib. hope this helps
LINK I know ameritrade has something similar known as
trade triggers
schwab does not have this capability, but you can set an alert
with the time condition and the price condition. It only lets
you set the time condition in minutes, not seconds. You can
then have the alert trigger and buy the stock for you. I just
talked to a schwab representative and he walked me thru the whole
process. If you are on schwab trading platform, call schwab
to learn how to do this.
Your broker may allow you
Trade entry for SPY swing system
Posted by cw12 on 3rd of Jun 2011 at 04:56 pm
Your broker may allow you to set a MOC(Market on close) order. I think bkout posted a screen shot of it for IB. I never used a MOC, so I can't say more about it. I personally do a market or limit order at the last possible second.
Watch out for Fridays because it's OEX. It may be better to wait until the last second to enter. The action can get extremely wild between 3:50-4:15 EST. Option players have a lot of money to throw around.
conditional orders in ib
Posted by cwa82675 on 3rd of Jun 2011 at 09:46 pm
hey guys im not sure if this is available for all brokers but i took a quick video showing how to setup a conditional order in ib. hope this helps LINK I know ameritrade has something similar known as trade triggers
Thanks cw that's cool and
Posted by bkout3 on 5th of Jun 2011 at 03:45 pm
Thanks cw that's cool and I think it's a better solution than MOC orders because those can't be cancelled or modified after 3:45 EST see
http://institutions.interactivebrokers.com/en/trading/orders/moc.php?ib_entity=inst
schwab does not have this
Posted by debbies on 5th of Jun 2011 at 02:46 pm
schwab does not have this capability, but you can set an alert with the time condition and the price condition. It only lets you set the time condition in minutes, not seconds. You can then have the alert trigger and buy the stock for you. I just talked to a schwab representative and he walked me thru the whole process. If you are on schwab trading platform, call schwab to learn how to do this.
You just saved me mucho
Posted by jmoynan on 4th of Jun 2011 at 01:23 pm
You just saved me mucho end-of-day anxiety because I am rarely around my computer at market close. Thanx.
Nice! Didn't know about this
Posted by cw12 on 3rd of Jun 2011 at 11:31 pm
Nice! Didn't know about this function. Thanks cwa.
awesome video help! thanks for
Posted by matt on 3rd of Jun 2011 at 11:10 pm
awesome video help! thanks for taking the time to do that! Very nice indeed and makes it easy for those who have IB.
IB is the only broker I use actually.