StockFetcher Forums · General Discussion · stop profit question<< >>Post Follow-up
echo_renee
8 posts
msg #98188
Ignore echo_renee
12/24/2010 3:16:01 PM

Can you use them with zecco or scottrade? Im looking for a way to sell the stock after a certain percentage has been gained. I don't want to use a limit order, stop limit, or trailing stop. Any other ideas?

echo_renee
8 posts
msg #98190
Ignore echo_renee
12/24/2010 4:04:54 PM

Can i even do that? Am i missing something?

four
3,999 posts
msg #98194
Ignore four
12/24/2010 8:37:56 PM

"a sell limit order can only be executed at the limit price or higher."
http://www.sec.gov/answers/limit.htm

--

Calculate your percentage and then place the limit order as a dollar amount.

EXAMPLE

I wish to have a 5% "Stop Profit" (your phrase)

Bought stock at $5.00
5% * $5.00 = .25
$5.00 + .25 = $5.25

Thus, place sell limit at $5.25

Is this what you want?

duke56468
683 posts
msg #98196
Ignore duke56468
12/25/2010 9:40:09 AM

If you don't want to use a sell limit order you can set an alert for the amount you want, when the price crosses that amount the alert will immediately reach your computer and you can act on it. Downside, you have to be within earshot of the computer at all times during the trading day.

echo_renee
8 posts
msg #98212
Ignore echo_renee
12/25/2010 10:40:42 PM

Thanks for your quick responses! I'm sure either of those would work just fine. I just thought there was some other kind of stop i wasn't aware of because when i backtest my filters it automatically sells it at my stop profit. i was just wondering if that was really possible.

echo_renee
8 posts
msg #98213
Ignore echo_renee
12/25/2010 10:44:04 PM

Thanks four! That works perfectly! :)

four
3,999 posts
msg #98215
Ignore four
modified
12/25/2010 11:09:39 PM


:)


http://www.wesh.com/video/26169404/detail.html?taf=orl

echo_renee
8 posts
msg #98224
Ignore echo_renee
12/27/2010 2:14:18 AM

Hahaha :) i saw that the other day! It's not to far from where i live. i may have to go and check it out

StockFetcher Forums · General Discussion · stop profit question<< >>Post Follow-up

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