If a person buys a stock at $20/share could they enter the following orders, at the same time, to sell the stock:
1) Sell at $22 if stock goes up
2) Sell at $18 if stock goes down
2007-02-20 06:37:15 · 3 answers · asked by Randy L 1 in Business & Finance ➔ Investing
Yes, you can.
22$ would be your profit target
18$ would be your stoploss.
You can discuss this with your broker and I am sure it can be arranged. However, it has to be mentioned at the time you buy your stock. There might be slippage while executing and it all depends on how reliable your broker is.
Sometimes the stock might slip down very fast and past your Stoploss price of 18$ and you might get filled at a lower price. It happens all the time.
2007-02-20 16:01:46 · answer #1 · answered by fx_invest74 2 · 0⤊ 1⤋
I agree with Longarm with a caveat that a program like Ninja trader or other programs can do both, but it is easier just to go thru your broker. Normally what I do is put a stop at $18 and as it gets closer to 22, then put the sell in at $22.
2007-02-21 00:11:05 · answer #2 · answered by sparky7139 2 · 0⤊ 0⤋
This depends on the broker and whether or not they allow conditional orders. Some do, some don't. This scenario has nothing to do with a trailing stop, BTW.
2007-02-20 14:49:45 · answer #3 · answered by LongArm 3 · 0⤊ 0⤋