Registered: Apr 2007
10-09-12 06:09 PM
Quote from rogerwilcom:
I guess my concern in all of this is was...
If you place the initial bracket. A long @ $4 and the sell @ $6. That $6 sell may be marked as a short sell since you don't have a position. However, if it hits $4 first, and then hits $6, you are selling your position not going short.
I didn't know if when you submit that original order, that internally, the order is marked as a short sell(since you don't have inventory). And therefore, if it hits $4 first, and then $6, it wouldn't properly sell that long position since the order was marked as short.
Guess these guys are smart enough to sell the position instead of trying to go short.
If you're that concerned I would ask your broker about it. If they say you will run into problems with what you're trying to do, I would switch platforms. It should be able to automatically figure out how to execute orders based on your net positions, period.