DAS - Position Change Before Stop Order Hit

[Nolan C 0]

I just got some new trend trading hotkeys set up!  These are designed to load price targets and stop loss orders for intraday trends (1-6 hours).

I love the new replay mode in DAS for testing hotkeys!  Bummer the stop loss orders can't be used, but they load into the mantage so you can see the values.  I will test more in DEMO mode during live sessions.

 

So here is my question:

Say I am holding 100 shares of a stock and I set profit targets to sell 50 shares, 25 shares and 25 shares respectively as the trend continues higher.  I also set a stop loss to sell out full position of 100 shares.

If my first target hits and I sell 50 shares, leaving a position of 50 shares, then the stock tanks and hits my stop order; what happens?  Is there a way to have a stop order that simply closes the position no matter how many shares I have?

 

Thanks in advance!

NolanATX

[Justin 262]

In your scenario if your stop was hit you would now be short 50 shares unfortunately. There currently isn't a way to have a stop order set that dynamically updates to your position (POS) unless you use a range order. But that means you can't have multiple profit targets set up. Just one.

I know Kyle has sent in a request to DAS for this feature.

[Nolan C 0]

@Justin , hmm, hope they do add that feature.  Would make it possible to truly set and forget.

Only other thing I am trying to find is a way to show current average price of my position on the chart.  I don't suppose DAS has a Y axis value or horizontal line study that would display and move with the average price of current position?