Tax Season is Here! Save 15% on H&R Block Online
iconAll times are GMT -4. The time now is 06:00 AM. | Search:

» StockRants Stock Forum » General Forums » Trading Questions » Placing both "Sell Limit" order and "Stop Loss" order together



Reply
 
Thread Tools Search this Thread
Old 06-24-2019, 01:38 AM   Nav to Top  #1
Vaporize
Junior Trader
 
Vaporize's Avatar
 
Join Date: Jun 2019
Location: Odessa
Posts: 1
Favorites: AMD, QCOM, AVGO
Rep Power: 5
Reputation: 10
Vaporize is on a distinguished road
Default Placing both "Sell Limit" order and "Stop Loss" order together

Is there a way I can place both: "Stop Loss" and "Sell Limit" at the time of purchasing the stock? That way the stock auto-sells if it falls below a previous low (support) or auto-sells if it reaches a previous high (resistance).

For example in Robinhood (RH):

I bought 100 shares of AMD at $30 with a "Stop Loss" at $29.00. I wanted to auto-sell at $31(previous high) but RH said I cannot place the "Sell Limit" order since I already have a "Stop Loss" order in place.

I missed out on selling shares at $31 while I was at work. Now the stock is at $29.10. If I had placed a "Sell Limit" order instead of "Stop Loss", it would have sold at $31. But I dont want to leave a stock with only "Sell Limit" order without a backup "Stop Loss" order.


If RH does not have this feature: is there another broker that has this feature?

Is this known as OCO (One-Cancels-the-Other Order) or is there another name for the feature I am describing above.

Thank you
Vaporize is offline   1 thumbs up / 0 thumbs down. Rate this post Yes | No Reply With Quote
Reply

Similar Threads
Thread Thread Starter Forum Replies Last Post
#PNPL Announces Patent-Pending "Top-Shelf" System IPOGUY Traders Lounge 0 10-07-2015 11:34 AM
Brokerage account "cash" balance FDIC insured? miamicuse Online Brokers 0 10-05-2014 09:47 PM
"Persistent Investment Needed" to Support Gold as Indian Duty Hike "Kills Imports" LIB3RTY Rumors & News 0 03-29-2012 05:48 PM
Strong Buy: Stentor Media "Live" Interviews Chad Ulansky StentorMedia Canadian Stock Picks 3 10-25-2010 03:03 PM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On