|
PureBytes Links
Trading Reference Links
|
-Limit order
A limit order is an order to buy or sell a contract at a specified
price or better. Using a Limit order ensures that the order will only
execute at the price you specified or better, however, it does not
guarantee that your order will execute.
=====================================================================
I see nothing about limit order becoming stop but a stop limit order
becoming a limit order :
=====================================================================
Stop Limit order
A Stop Limit order is similar to a stop order in that a stop price
will activate the order. However, once activated, the stop-limit
order becomes a buy limit or sell limit order and can only be
executed at a specific price or better. It is a combination of both
the stop order and the limit order.
A STOP-LIMIT order eliminates the risk of a stop order where the
investor is not guaranteed an execution price, but exposes the
investor to the risk that the order may never be filled even though
the stop price has been reached. The investor could "miss the market"
in the security or commodity altogether.
To set up a Stop Limit order, create a Buy or Sell order on the
trading screen. In the Lmt Price field enter the Limit price. In the
Aux. Price field, enter the Stop Election price.
-- In realtraders@xxxxxxxxxxxxxxx, "Clyde Lee\(SBCY\)"
<clydelee@xxxx> wrote:
> Don't have the foggiest idea about how it is handled.
>
> All I know is that once a limit point is touched the order
> becomes a stop order if not executed at the limit point.
>
>
> - - - - - - - - - - - - - - - - - - - - - - - - - - - -
> Clyde Lee Chairman/CEO (Home of SwingMachine)
> SYTECH Corporation email: clydelee@xxxx
> 7910 Westglen, Suite 105 Office: (713) 783-9540
> Houston, TX 77063 Fax: (713) 783-1092
> Details at: www.theswingmachine.com
> - - - - - - - - - - - - - - - - - - - - - - - - - - - -
>
> ----- Original Message -----
> From: "svefremov" <svefremov@xxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, April 26, 2003 5:56 PM
> Subject: [RT] what if order does not get filled...
>
>
> > Suppose a strategy reads a data and issues an order to buy 1
> > contract. The order gets filled and an exit order is submitted.
The
> > price goes though the exit point but the exit order does not get
> > executed. The strategy "thinks" that the MarketPosition = 0 and
> > submits another order to buy, which also gets filled. Now the
account
> > is long 2 contracts (while the strategy "thinks" the account is
long
> > 1 contract) and so on...
> >
> > How is this handles with DynaOrder or TradeStation or both....
> >
> > SVE
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Get A Free Psychic Reading! Your Online Answer To Life's Important Questions.
http://us.click.yahoo.com/O10svD/Me7FAA/AG3JAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|