|06-21-2011, 11:31 AM||#1|
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How do I set sell order at higher than current price on TSX with Questrade?
I am new to stocks and have a Questrade account, and one of the things I am confused about, is how to setup a stock SELL order at a price that is higher than the current price.
For example, stock ABC.TO is currently trading at $4.95 and I want to put in a sell order for when it reaches $5.00.
From some other reading I have been doing, if you use a Stop Limit order on the TSX both the stop and the limit need to be the same. Is that correct?
The options I have on Questrade for sell orders are:
I know that I do NOT want to use a Market order as that will just sell at whatever price is current.
Can somebody explain when I would use the other types of orders and what the advantages and disadvantages are. If possible please include both a scenario when I want to sell if the stock price drops to a certain price, and also if I want to sell at a stock price higher than the current price.
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|06-22-2011, 09:20 PM||#2|
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