I have never used such a service & am new to internet in general so any sites recommended must be user friendly!
2006-09-15 08:25:02 · 5 answers · asked by Robert S 1 in Business & Finance ➔ Investing
Then do so!
There's lots of decent brokers that'll give you that flexibility at a good price. Some include E*Trade, Scotttrade, Ameritrade, OptionsXpress, ThinkOrSwim, and so forth. Avoid Fidelity. They suck. Outside of that, learn your rules, follow your rules, and have fun!
Oh, and TOS may be a little tougher at first, but their free tools are awesome!
Hope that helps!
2006-09-20 04:56:37 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
If it sells high, how do you know it would not have gone higher?
If it sells low, you lose money.
Instead, buy a rising stock in a solid company, wait till it goes up 25%, sell a covered call on it for 1 year from the purchase date, for about 25% more than you paid for it, with a hit price 25% higher
2006-09-19 10:58:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
What you are looking for is something called 'bracketed trades' or 'bracketed orders'. I know Fidelity offers this, but I have never used them.
I use Scottrade, and at this point they do not have bracketed orders. The do offer trailing stops, which allow you to set a dollar amount that 'trails' the price and will trigger a sell order if the stock falls below it.
2006-09-20 11:19:37 · answer #3 · answered by bookbyte 3 · 0⤊ 0⤋
Any broker will allow you to set a limit price to sell.
2006-09-15 18:28:21 · answer #4 · answered by dredude52 6 · 0⤊ 0⤋
I use Charles Schwab (www.schwab.com) and I'm happy with them.
2006-09-15 09:16:49 · answer #5 · answered by Michael K 6 · 1⤊ 0⤋