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How do you set up a stop limit order?
To set up a stop limit order, you first choose a stop price at which your order will be triggered. Then, you set a limit price at which you want the order to be executed. When the stop price is reached, the order becomes a limit order and will only be executed at or better than the limit price you set.
What is the difference between a stop order and a stop limit order on the thinkorswim platform?
A stop order becomes a market order when the stock reaches a certain price, while a stop limit order becomes a limit order when the stock hits a specified price.
What is the difference between a trailing stop limit and a trailing stop?
A trailing stop limit is a type of order that combines a trailing stop with a limit order, allowing investors to set a limit on the price at which the order will be triggered. A trailing stop, on the other hand, is a type of order that adjusts the stop price as the market price moves in a favorable direction, helping to lock in profits.
What is the difference between a stop loss and a stop limit order in trading?
A stop loss order is a type of order that automatically sells a stock when it reaches a certain price to limit losses. A stop limit order is similar, but it only sells the stock at a specific price or better after reaching the stop price.
How do I set a stop limit sell order?
To set a stop limit sell order, you first choose the stock you want to sell and set a stop price, which triggers the order. Then, you set a limit price, which is the minimum price you are willing to accept for the sale. Once both prices are set, the order will be placed with your broker.
What is the difference between a stop and a stop-limit order?
The stop limit order combines the characteristics of a stop order and a limit order. A basic stop order will buy/sell your security at the market price once your stop has been reached or passed. A stop limit order will buy/sell the security at a specified price once the stop has been reached or passed. If you use a stop limit, and your limit is too high/low your order may not get filled which will negate the purpose of putting the stop on in the first place. I tend to stick with stop orders if I am trying to protect a loss on a security.
How do you set up a stop limit order?
To set up a stop limit order, you first choose a stop price at which your order will be triggered. Then, you set a limit price at which you want the order to be executed. When the stop price is reached, the order becomes a limit order and will only be executed at or better than the limit price you set.
What is the difference between a stop order and a stop limit order on the thinkorswim platform?
A stop order becomes a market order when the stock reaches a certain price, while a stop limit order becomes a limit order when the stock hits a specified price.
What is the difference between a trailing stop limit and a trailing stop?
A trailing stop limit is a type of order that combines a trailing stop with a limit order, allowing investors to set a limit on the price at which the order will be triggered. A trailing stop, on the other hand, is a type of order that adjusts the stop price as the market price moves in a favorable direction, helping to lock in profits.
What is the difference between a stop loss and a stop limit order in trading?
A stop loss order is a type of order that automatically sells a stock when it reaches a certain price to limit losses. A stop limit order is similar, but it only sells the stock at a specific price or better after reaching the stop price.
How do I set a stop limit sell order?
To set a stop limit sell order, you first choose the stock you want to sell and set a stop price, which triggers the order. Then, you set a limit price, which is the minimum price you are willing to accept for the sale. Once both prices are set, the order will be placed with your broker.
How can I use a stop-limit order to sell short a stock at a specific price point?
To use a stop-limit order to sell short a stock at a specific price point, you would set a stop price at which the order becomes active and a limit price at which the order will be executed. If the stock price falls to the stop price, the order will be triggered, and it will only be executed at or above the limit price you set. This allows you to sell short the stock at a specific price point.
What is the difference between a limit order and a stop order in trading?
A limit order is a request to buy or sell a stock at a specific price or better, while a stop order is a request to buy or sell a stock once it reaches a certain price.
What are the differences between a trailing stop limit and a trailing stop loss, and how do they impact the management of investment positions?
A trailing stop limit is a type of order that combines a trailing stop with a limit order. It allows investors to set a limit on the maximum loss they are willing to incur while also trailing the price of an asset. On the other hand, a trailing stop loss is a type of order that automatically adjusts the stop price based on the movement of the asset's price. The main difference between the two is that a trailing stop limit sets a limit on the maximum loss, while a trailing stop loss does not have a limit. Trailing stop limits can help investors manage their risk by ensuring they do not incur more losses than they are comfortable with. However, they may also result in missed opportunities if the price moves quickly. Trailing stop losses, on the other hand, can help investors lock in profits and limit losses without setting a specific limit. Overall, both trailing stop limit and trailing stop loss orders can impact the management of investment positions by helping investors protect their gains and limit their losses. It is important for investors to carefully consider their risk tolerance and investment goals when deciding which type of order to use.
What is the definition of pending order?
A pending order is a type of order that was not yet completed or accomplished. The most common pending order types are buy limit, sell stop and buy stop.
Is it possible to set a stop loss and limit sell simultaneously?
Yes, it is possible to set a stop loss and limit sell simultaneously. This strategy is known as an OCO (One Cancels the Other) order, where if one order is executed, the other is automatically canceled.
Can you explain how a stop order works in trading?
A stop order is a type of trade order that is set at a specific price point. When the market reaches that price point, the stop order is triggered and the trade is executed. This is used to limit losses or lock in profits for investors.
