Chart Trading: Difference between revisions
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→Place Order
Dave Masalov (talk | contribs) |
Dave Masalov (talk | contribs) |
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# Sell limit order for 1 contract is sent to broker. | # Sell limit order for 1 contract is sent to broker. | ||
# Profit Target exit strategy is attached to the sell limit order. | # Profit Target exit strategy is attached to the sell limit order. | ||
# Sell limit order is filled. Profit Target becomes active. Open position is -2 contracts. Profit Target size is 1. | # Sell limit order is filled. Profit Target becomes active. Open position is -2 contracts. Profit Target size is 1 (attached to the order, not the position). | ||
# Sell market order for 2 contracts is sent to broker. | # Sell market order for 2 contracts is sent to broker. | ||
# Sell market order is filled. Open position is -4 contracts. Profit Target size is 1.</div> | # Sell market order is filled. Open position is -4 contracts. Profit Target size is 1.</div> | ||
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# Buy stop order is filled. Stop-Loss #2 becomes active. Open position is +15 contracts. Stop-Loss #1 size is 10. Stop-Loss #2 size is 5. | # Buy stop order is filled. Stop-Loss #2 becomes active. Open position is +15 contracts. Stop-Loss #1 size is 10. Stop-Loss #2 size is 5. | ||
# Buy market order for 10 contracts is sent to the broker. | # Buy market order for 10 contracts is sent to the broker. | ||
# Buy market order is filled. Open position is +25 contracts. Stop-Loss #1 size becomes 20. Stop-Loss #2 size is 5.</div> | # Buy market order is filled. Open position is +25 contracts. Stop-Loss #1 size becomes 20 (attached to the position). Stop-Loss #2 size is 5(attached to the order, not the position).</div> | ||
'''OCO-Orders''' | '''OCO-Orders''' |