John, Place a conditional order, order triggers order as
it is called at Fidelity. Place a buy order with a condition
"stop price" at the trigger price (meaning it won't buy unless the
price moves up to that price). On the same order you place another
order that only is triggered or comes into play if the first order
is filled, on this order you place a sell order with a stop price.
It could be a trailing stop as well so if it goes up and reverses
during the day you could lock in some gains.
John, Place a conditional order,
Alerts vs Buy Stop orders for entries?Great video on position ...
Posted by bk1976 on 12th of Mar 2018 at 10:41 pm
John, Place a conditional order, order triggers order as it is called at Fidelity. Place a buy order with a condition "stop price" at the trigger price (meaning it won't buy unless the price moves up to that price). On the same order you place another order that only is triggered or comes into play if the first order is filled, on this order you place a sell order with a stop price. It could be a trailing stop as well so if it goes up and reverses during the day you could lock in some gains.
Sounds like a great feature.
Posted by rojoch on 13th of Mar 2018 at 02:47 am
Sounds like a great feature. Unfortunately iTrade Canada does not appear to offer conditional orders. :-(