ForFreedom22

[TimAlerts] @timothysykes, what if XLIT still has a little pump left? What indicates that it's finally gonna start the downtrend instead of some sideways or upward action?

tiagolopez6
tiagolopez6 Feb 04, 16 8:11 PM

Yes it can be possible if the plataform you use has trigger orders. Regards!

ForFreedom22
ForFreedom22 Feb 04, 16 9:05 PM

Thanks everyone for your feedback. @Chongette32 but what I'm thinking is, why not just put a buy stop order at the price you want to get in at and have it fill you. Why do people wait until it hits and then place a limit order? It seems faster and more accurate with buy order.

TraderH
TraderH Feb 04, 16 9:47 PM

You would use a buy stop limit order. When it triggers the price , it will submit the limit order. Problem is that during fast trading activity, it may not get executed and run past it. Sometimes it works, sometimes it doesn't.

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