Is it possible to buy a stock in the morning and have your stock brocker automaticly sell it when it hits a certain price.Also is it possible to have a safe option for your stock brocker to sell it if it hits a certain low point.So you caint lose all of your money.
2006-08-20 05:14:29 · 11 answers · asked by Anonymous in Business & Finance ➔ Investing
Yes, the sell order can be done in a few ways. Either as a limit order or as a contingent order. Contingent order becomes effective when a condition is met (i.e. stock gets to a certain price).
Or better yet, use a trailing stop with a trigger. The trailing stop will be in effect when the stock price hit your "target" and will sell you if/when the stock pulls back the amount you set in the trailing stop. So if you set a trailing stop of 0.50 with a trigger of 70.50, once the stock gets above 70.50, the order is triggered. Then as the stock fluctuates, when it pulls back 0.50, you'll be sold out at market at that time (or with limit order if you choose to do so instead).
For the down side, you'd have a contingency order or a stop loss order. Both will in essence sell your stock should it drop below a certain point.
Now as for broker, you can do this yourself for much cheaper than the full scale brokers who charge an arm/leg in commissions.
Use someone like ETrade, or BrokersXpress. They have competitive rates and service levels to do what you want.
Hope that helps!
2006-08-22 21:08:20 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
Yes, you can do all of that. It's risky, though.
However, it's not called a sell option. It's called a "limit sell order," which is an order to sell a certain stock only if the price is equal to or greater than a given limit.
Also, you can have a "stop order," which is an order to sell a certain stock if its price falls to a certain level or below. This is just for security reasons.
I think you are confusing an "order" with an "option." An "option" is the purchased right to buy or sell a stock, which means you buy the right. A "call option" allows you to buy a stock at a certain price until a specific day (while a "put option" is the right to sell...).
2006-08-20 05:20:15 · answer #2 · answered by C. Menstein 4 · 1⤊ 0⤋
yes it is possible to buy a stock in the morning and have your stock brocker automaticly sell it when it hits a certain price.Also is it possible to have a safe option for your stock brocker to sell it if it hits a certain low point.I am giving you some example just suppose.
you buy a crude oil 72.00 its a open position and you want to sell .
give a sell limit order 73.00.when the market come a certain price your position automatically close.and your trade or transaction complete.
2006-08-20 05:45:23 · answer #3 · answered by NADEEM AMIR 2 · 0⤊ 0⤋
yes, you can put in an order to sell when stock reaches a certain price. it will automatically be sold.
on the other end of the spectrum, you can put in a "stop loss" order. if stock price reaches acertain low price, it is automatically sold.
there are usually time limits on these orders. if time expires and stock has not sold, you have to extend time or re-order.
merrill lynch does this, im sure that all of the big brokerage firms do too.
2006-08-20 05:24:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes by using "stops". Say you want to buy Apple at $68 a share and then if it goes up, sell it at $72. Your broker would put a sell stop at $72. You would get the next price it sold for, perhaps 72.02 or 71.99.
You can protect on the downside by the same strategy. The broker would put a sell stop at say $66 and so if the price dropped to $66, you would get the next price, say $65.99.
2006-08-20 05:23:29 · answer #5 · answered by Rrf00 3 · 0⤊ 0⤋
Most definitely. What you need to concern yourself about though is the brokerage fee. That will decide how much you make or lose on the deal in the end. Look at the sell and put options on etrade.
2006-08-20 05:21:26 · answer #6 · answered by Anonymous · 0⤊ 0⤋
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2006-08-22 05:49:10 · answer #7 · answered by bernanke_fed 1 · 0⤊ 0⤋
Yes, it's called a "limit order "(sell when it reaches a certain price or better).
The other one is called a "stop-loss order" (sell when it reaches a certain price or lower).
2006-08-20 05:22:55 · answer #8 · answered by Ivan 5 · 0⤊ 0⤋
You dont need a broker, you can place the order yourself with a limit order.
2006-08-20 07:01:04 · answer #9 · answered by Grandpa Shark 7 · 0⤊ 0⤋
yes but you have to have proof of the 30 thousand
2006-08-20 05:20:27 · answer #10 · answered by jonnaplesflorida 3 · 0⤊ 0⤋