How to exit during SSR - Anything Special?

[connor 0]

If you want to short during SSR, you need to sell at the Ask as my understanding goes. 

 

My question:

If you are already short in a stock and SSR happens, how do you exit? what types of orders get you out?

If you are long in a stock and SSR happens, how do you exit? what types of orders get you out? 

 

I don't want to get caught off guard not knowing what to do if this scenario comes up. 

Thanks!

[Bailey Nevener 83]

Hello Connor,

 

If you are already short a stock with SSR, there is no change in the way you will exit because you are buying shares to exit. (e.g. Route=Market; Share = Pos; Buy=Send)

If you are long a stock on SSR, there is no change in the way you will exit because you are holding shares and selling them, not selling short. (e.g. Route=Market; Share = Pos; Sell=Send)

 

The only restriction you should experience is the inability to short on the bid while entering.

Good luck trading,

 

Bailey Nevener

Edited June 1, 2021 by Bailey Nevener