@trader91 You can have your order executed at 2.90 with a limit at 2.80, but the key is that you won't get your order executed below 2.80 from market makers and trading robots. The only downside is that you can miss your execution if a stock that's dipping falls below your limit price.
@StarSeedz so that means i put a limit order at 3.20 or 3.80 and thats the price i am willing to lose and only risking 20 or 80 cents. But my main goal is to execute the stock below 3 $ for an example 2.80 so that i am profiting 20 cents. Sorry for my english. And Thanks!
@trader91 Where you want to execute is up to you. If I had a goal to short a particular stock if it breaks $3 than in this example I'll place a short order with a limit at 2.93 once that support is broken.
@trader91 You can have your order executed at 2.90 with a limit at 2.80, but the key is that you won't get your order executed below 2.80 from market makers and trading robots. The only downside is that you can miss your execution if a stock that's dipping falls below your limit price.
@StarSeedz so that means i put a limit order at 3.20 or 3.80 and thats the price i am willing to lose and only risking 20 or 80 cents. But my main goal is to execute the stock below 3 $ for an example 2.80 so that i am profiting 20 cents. Sorry for my english. And Thanks!
@trader91 Where you want to execute is up to you. If I had a goal to short a particular stock if it breaks $3 than in this example I'll place a short order with a limit at 2.93 once that support is broken.
@trader91 I recommend you watch this video, it could help you understand too. http://youtu.be/C4oQEAaSxwg
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