GREY:STPJF - Post by User
Comment by
BREAKMAN1010on Apr 11, 2010 2:00am
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Post# 16978941
RE: Putting on a Trade then Going on Vacation
RE: Putting on a Trade then Going on VacationDude relax if u get the stock fo 1.28 then enjoy no need to worry about losing cash and vacation go enjoy yourself this stock will hit 2 oe 3 within a month or 2 so buy and relax dude ,Also your order should be able to have a order for a sell no prob just click on trade and put in your stop loss badda bing your done This stock rocks and stop over at TMM itll be going bananas soon buy now and hold on GLTA
----------Original Message Posted 4/10/2010 4:53:17 PM----------
This is more a trading question rather than a comment on STP but I figure that some of you could give me an answer since I'm sure that you do all your trading online. What I would like to know is if you picked up STP on the close on Friday at 1.28 and you had in mind a Risk = 20¢ and a Profit = 40¢ which would give you a
Stop Loss = 1.08 and a
Sell = 1.68
Is there ANY online broker that would take both above orders on an OCO (one cancels the other basis)?
I don't know of any and I find myself having to decide constantly whether I should be protecting my position with a Stop Loss order or exiting the trade with a Sell order. This stinks because it forces me to keep a closer eye on the markets than I would like. I'd like to know that I could buy STP at 1.28 and go on holidays knowing that I either get stopped out at a loss or sell the stock at a profit. Is this scenario possible at any of the online brokers?
Thanks
John