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Showing results for tags 'stop loss'.
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I am asked a lot how to buy and send an automatic STOP Loss order all in one hotkey. Try this: ROUTE=SMRTL;Share=BP*0.25;TIF=DAY+;Price=ASK+0.10;BUY=Send;ROUTE=STOP;StopType=Market;StopPrice=AvgCost-0.30;Share=Pos;TIF=DAY+;SELL=Send; What it does? It buys at 25% of your buying power, and then automatically send a stop loss order at AvgCost -30 cent. You can change it anyway you want!
Hello, I am a new BBT on a trail membership, and also on a DAS demo account, getting used to the platform still. I was wondering how members manage their stop loss once you start taking profits?, is there a way to auto adjust based on current position?. For example if I enter Long with 500 shares, and set a Stop Loss for the same 500 shares, when I take a partial of 200 shares, I want the stop loss to be updated to 300 shares left. Is there a way to accomplish it?, otherwise how do you manage it so you don’t suddenly end up with an opposing trade?. Thanks Simon
Agreed that a Stop Loss should be set at a technical level and should have a reason why that price point was chosen. BUT, what if the trade does go against you. Some veterans say that once it is obvious that your thesis was wrong, you should get out, no need to wait for stop loss to be triggered. Others however emphasize that stop loss being at technical levels have a reason to be there and we MUST give price the original room until the SL is actually triggered. What are your thoughts on this?
So here's a trade I did on IBM on Jun 19. I saw the stock reversing so I went short at 149.68 and put my stop loss at the 9-EMA above it, which at the time was around 149.90, so my risk was 22c. My question is, would you say that is a good stop, or do you think it's too tight? Thanks in advance!