googool's term is more correct but some systems will still call
this a stop limit order. The "Stop" price is where the order
goes into play, the limit is the most you are willing to pay (or
accept if a short or a stop out from an existing long position). If
this is confusing ask your broker for definitions of the various
orders they have available.
you should use a stop
what am i doing wrong
Posted by googool on 18th of Aug 2008 at 11:03 pm
you should use a stop buyorder
googool's term is more correct
Posted by bkout3 on 18th of Aug 2008 at 11:51 pm
googool's term is more correct but some systems will still call this a stop limit order. The "Stop" price is where the order goes into play, the limit is the most you are willing to pay (or accept if a short or a stop out from an existing long position). If this is confusing ask your broker for definitions of the various orders they have available.
my broker differentiates between the
Posted by googool on 19th of Aug 2008 at 12:01 am
my broker differentiates between the two, buy stop becomes market order on stop
but stop limit becomes limit order on stop.
but the general idea is obvious, you need to check with you brokers order types