Simple limit or stop order

micquan · Tue, 18 Jan 2022 18:02:36 +0000

Hi, Can someone advise me on how to use the limit and stop order in prt. I want to automate a simple order eg, go short when the price reaches the value 22$ and then 23$. Should I use Limit or Stop order? SELLSHORT 10 CONTRACTS AT 22 LIMIT SELLSHORT 10 CONTRACTS AT 23 LIMIT or SELLSHORT 10 CONTRACTS AT 22 STOP SELLSHORT 10 CONTRACTS AT 23 STOP

This topic has 18 replies, 3 voices, and was last updated 2 years ago by micquan.

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01/22/2022 at 4:32 PM #186311

robertogozzi

Ok, so you will only use AT MARKET orders.

While…Wend won’t be of any help.

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01/24/2022 at 2:41 PM #186453

micquan

The original plan is to use a Limit order, any advice?

micquan
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01/24/2022 at 3:12 PM #186456

robertogozzi

I have no further advice, as if the price range you have chosen to enter a trade is so narrow you have no choice.

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01/24/2022 at 5:17 PM #186488

micquan

Thanks, something so simple but so hard to do in PRT. The price range is about 0.25$ or 1.5% based on 21$ vix price so not that narrow and the vix market is very slow compared to SPY or SPX. I think it’s PRT limitations, somewhat.

micquan
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