How to purchase when a stock moves fast

Discussion in 'Trading' started by smcoder, Aug 14, 2018.

  1. Robert Morse

    Robert Morse Sponsor

    No Stop limits can be used to buy to open or sell to open. It doesn't have to be a closing trade. We have momentum traders that set the buy stops at new highs.
    Here is the order ticket on LS trader to buy 500 shares of AAPL at 210.00, with a limit of 210.25. All that is left is to hit buy.

    upload_2018-8-14_9-37-32.png
     
    #11     Aug 14, 2018
  2. qxr1011

    qxr1011

    u want to put a buy stop limit order

    but as i said before this is not for u
     
    #12     Aug 14, 2018
  3. smcoder

    smcoder

    #13     Aug 14, 2018
  4. qxr1011

    qxr1011

    do not mention it

    especially since i am sure you will not heed my advice :)
     
    #14     Aug 14, 2018
  5. Bratwurst

    Bratwurst

    Stop buy order. But that'd turn into a market order.
    So i guess, no, there's no way.
     
    #15     Aug 14, 2018
  6. Robert Morse

    Robert Morse Sponsor

    BUY STOP LIMIT, and set the limit to your order after trigger.
     
    #16     Aug 14, 2018
  7. smcoder

    smcoder

    They are called Stop Limit orders https://www.investopedia.com/terms/s/stop-limitorder.asp and "The stop-limit order will be executed at a specified price, or better, after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better."
     
    #17     Aug 14, 2018
  8. lindq

    lindq

    The time to be in the trade is before the move, not during the move, especially near the open. Because once you see it, you're most likely going to get a terrible fill with any order type, and you'll just become somebody's lunch. Or breakfast.
     
    #18     Aug 14, 2018