So if you are looking to go long at a bottom, you are setting a buy stop order below the current bid? I need to know how that works.
Yes, that's it but instead of triggering when the price reaches the set price, it trails the price and triggers when a reversal occurs... just like a Trailing stop that is set when the position is in profit, it trails the direction and triggers at a reversal....very useful tools IMO.. sort of set and forget, come back later to bank the profits... beats watching a screen and stressing when to pull the trigger. Combine these tool with proper risk management using hedges and you hadly ever cop a realized loss.
Oh, you are talking about orders when you are already in with a position. That's different from what I thought you were speaking of.
Hmmm. This: "according to people familiar with the discussions." And this: "one of the people said." I smell BS. Up we go. 3000 by Friday
I hope you smell the markets well. I for one want out of this shit soon, because guess who is coming to dinner? Mr. Powell, for THREE days starting tomorrow, and after his spewfest? FOMC minutes on Wednesday afternoon. Snoopy Bleh!
Tbh.... 3000 certainly sounds pretty optimistic all things considered. We should probably just delete that and go with B1's bear. The only bear that hibernates all summer.