Is it possible to place an order that is conditional on another order being executed?
A contingent order is a particular type of conditional order that involves the simultaneous execution of two or more transactions, or the price or execution of another security. These order types may be helpful when placing two trades at the same time or when defining stop-loss points.
Can you place two sell orders on the same stock?
Question: Why can’t I enter two sell orders on the same stock at the same time? The short answer is, most brokers will disallow this to make sure that you don’t double-sell the shares, minimizing both your risk and theirs.
What is a contingency order?
A contingent order is an order that is linked to, and requires, the execution of another event. The contingent order becomes live, or is executed, when the event occurs. An example is a stop loss order.
Can you place a buy and sell order at the same time?
There are no restrictions on placing multiple buy orders to buy the same stock more than once in a day, and you can place multiple sell orders to sell the same stock in a single day. The FINRA restrictions only apply to buying and selling the same stock within the designated five-trading-day period.
What is a conditional sell order?
A conditional order is an instruction to buy or sell a particular stock once a particular target criteria (decided by you) has been met. When you place a conditional order, you set a “trigger price” and a “limit price”.
Can I have a limit order and a stop order at the same time?
Not only is it possible to enter the market on a limit and place a protective stop at the same time, but it is encouraged to help protect large losses and manage risk.
Who can use conditional orders?
Conditional orders allow the user to attach one or more stipulations that must be true before the order can be submitted. This might allow an investor to only buy/sell an option if its underlying is trading above or below a specified level.
What is contingent trade triggers?
A trade trigger is any event that meets the criteria to initiate an automated securities transaction that does not require additional input. Often, trade triggers are placed using contingent orders involving both a primary and secondary order.
What is a switch order?
Switch order. Order for the purchase (sale) of one stock and the sale (purchase) of another stock at a stipulated price difference.
What is spread order in trading?
A spread order is a combination of individual orders (legs) that work together to create a single trading strategy. Spread types include futures spreads, and combinations of option/option, option/stock and stock/stock on the same or multiple underlyings.
Why did my stop limit order not execute?
For example, if the market jumps between the stop price and the limit price, the stop will be triggered, but the limit order will not be executed. Also, once your stop order becomes a limit order, there has to be a buyer and seller on both sides of the trade for the limit order to execute.
Can you set multiple stop losses?
Yes, absolutely. “Stop loss” and “Take profit” are not an order type, they are a concept which implements stop and limit orders. In practice, a SL is a stop order and a TP is a limit order. You can place multiple stop orders and multiple limit orders respectively.
Can I place a stop-loss and limit order at the same time Fidelity?
Conditional order
Placing a one-cancels-the-other order, or what is also commonly referred to as a bracket order, allows you to have both a limit order and a stop order open at the same time. This allows you to lock in your potential profits and limit your losses all with one order.
Does Fidelity offer conditional orders?
You can trade five types of conditional orders on Fidelity.com: Contingent, Multi-Contingent, One-Cancels-the-Other (OCO), One-Triggers-the-Other (OTO), and One-Triggers-a-One-Cancels-the-Other (OTOCO). Fidelity offers conditional orders on a best efforts, “not held” basis.
How do you place a conditional order?
Quote: Interest rate securities or warrants. You can set the trigger condition to be based on a different stock than the one that you wish to trade. For this example let's use bhp billiton.
Will a sell limit order executed after hours?
Unlike market orders, which can only be executed during the standard market session, limit orders can be entered for execution during pre-market, standard, and after-hours trading sessions.
Can I place order before market opens?
Between 9:00 AM to 9:15 AM is when the pre-market session is conducted on NSE. During the pre-market session for the first 8 minutes (between 9:00 AM and 9:08 AM) orders are collected, modified, or cancelled. You can place limit orders/market orders.
Can traders see stop-loss orders?
Market Makers Can See Your Stop-Loss Orders
So market makers move the stock to the stop-loss levels and take them out. Especially during low volume trading in the middle of the day.
What happens if you place a market order after hours?
Market orders placed during an extended-hours session (7–9:30 AM or 4–8 PM ET), including fractional orders, are converted to limit orders with a limit price set at 5% away from the last trade price at the time the order was entered.
Why is after-hours trading risky?
During after-hours, there may be less trading volume for some stocks, making it more difficult to execute some of your trades. Some stocks may not trade at all during extended hours. Larger Quote Spreads. Less trading activity could also mean wider spreads between the bid and ask prices.
What happens if I buy stock after hours and price goes up?
Typically, price changes in the after-hours market have the same effect on a stock that changes in the regular market do: A $1 increase in the after-hours market is the same as a $1 increase in the regular market.