Registered: Aug 2010
03-31-12 04:07 AM
Quote from bwolinsky:
I've heard of reverse breakeven stops wherein if you lose a certain amount, typically less than your stop loss, you immediately try to get out at breakeven when you've reached that level.
Reverse stop loss is probably a reverse breakeven stop.
No, Goonior is spot on - OP is looking for an SAR. Pretty sure very few brokers offer this order type, so if you want to reverse on a stop instead of market, just double your stop (using 1 car as an example) and if/when you're filled - stopped and reversed. Nothing to do with breakeven...