|06-21-2011, 11:31 AM||#1|
Join Date: Jun 2011
Favorites: ALLRF NAWL PCTZF
Rep Power: 60
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.
|Rate this post ||
|06-22-2011, 09:20 PM||#2|
Join Date: Apr 2009
Favorites: XL OPC LVS
Rep Power: 113
|1 thumbs up / 0 thumbs down. Rate this post ||
|Thread||Thread Starter||Forum||Replies||Last Post|
|Gold Price Breaks Below $1,090 – Gold Higher in 2010?||jacovsamuel||Rumors & News||0||12-23-2009 05:11 AM|
|It all comes down to Higher-Lows to maintain this current trend||dodjit||Traders Lounge||0||10-29-2009 02:16 PM|
|Long: ASTERAND - ATD CURRENT PRICE 25.50||suhel||Euro / UK Stock Picks||0||04-28-2009 04:35 PM|
|Thread Tools||Search this Thread|