![]() ![]() If the order fails to be executed due to risk management or other reasons, the order status will update to "failed," and the system will not continue to place the order. If the order is not filled in full, the unfilled portion will be canceled automatically by the system. When XYZ's market price falls to 25 or lower, a sell limit order set at 24 (25-1) will be submitted automatically to the clearing broker.Ĭlients can place orders at any time via the app.Ĭlients can set the order's Time-in-force. A sell limit order set at 14 (15-1) will be submitted as soon as the stop price is hit.īefore the sell order fills, if XYZ's market price rises to as high as 30, the stop price will be adjusted to 25 (30-5). When the market price rises, so does the stop price when the market price falls, the stop price doesn't change. ![]() So, the order's initial stop price will be 15 (20-5). When XYZ's market pricerises to 12, a buy limit order set at 13 (12+1) will be submitted automatically to the clearing broker.Īssuming stock XYZ has a current price of 20, you submit a sell trailing stop-limit order with a 5 trailing amount and 1 spread. A buy limit order set at 16 (15+1) will be submitted as soon as the stop price is hit.īefore the buy order fills, if XYZ's market price falls to as low as 8, the stop price will be adjusted to 12 (8+8*50%). When the market price falls, so does the stop price when the market price rises, the stop price doesn't change. So, the order's initial stop price will be 15 (10+10*50%). ![]() The trailing amount or ratio should be greater than 0, and the specified spread needs to be no less than 0.Īssuming stock XYZ has a current price of 10, you submit a buy trailing stop-limit order with a 50% trailing ratio and 1 spread. The order follows the "buy high and sell low" rule. However, there is no guarantee that the order will be filled. A trailing stop-limit order guarantees a specific execution price. When the stop price is hit, a buy/sell limit order will be submitted at the last calculated limit price. A trailing stop-limit order allows investors to set a 「trailing amount」 or 「trailing ratio」 so that the system continually calculates the stop price as the market fluctuates. ![]()
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