Flyboy
07-29-2008, 10:39 PM
If so, I could use a little help on Bracketing and stop loss/profit exit.
Here's my question:
Say I place an order for xyz at $300. I want to protect the down side at $299, but I want the upside of say $305. What I do not understand is how to set the upside protection to move up as the price moves up...does this make sense? Let's say I placed an EXIT PROFIT of $305, but the stock is continuing the climb.///I'd like to take advantage of the movement up, but I do not want to lose the hit price of $305 should the stock begin a fall.
TIA, Paul
I placed this question in the wrong forum so I apologize for the duplication.
Here's my question:
Say I place an order for xyz at $300. I want to protect the down side at $299, but I want the upside of say $305. What I do not understand is how to set the upside protection to move up as the price moves up...does this make sense? Let's say I placed an EXIT PROFIT of $305, but the stock is continuing the climb.///I'd like to take advantage of the movement up, but I do not want to lose the hit price of $305 should the stock begin a fall.
TIA, Paul
I placed this question in the wrong forum so I apologize for the duplication.