Posted by sschulman on 10th of Jan 2013 at 01:19 pm
Hey RitchieD
Just a couple of things to think about - If it first dips to
support, then breaks out, you're good! BUT what if it first breaks
out, then dips and stays down? Can you put a stop loss on the
breakout order at the same time as you place that order? Or can you
place both orders on one of your accounts but make them OCO? OCO
means "One cancels the other".
complex orders
Question about buying a stock in a consolidation pattern
Posted by sschulman on 10th of Jan 2013 at 01:19 pm
Hey RitchieD
Just a couple of things to think about - If it first dips to support, then breaks out, you're good! BUT what if it first breaks out, then dips and stays down? Can you put a stop loss on the breakout order at the same time as you place that order? Or can you place both orders on one of your accounts but make them OCO? OCO means "One cancels the other".
Suzn
Thanks suzn, I'll check out the OCO possibility
Posted by RichieD on 10th of Jan 2013 at 04:35 pm