Conditional Orders
|
The conditions attached to a Conditional order state that the order will automatically be submitted OR cancelled only if specified criteria for one or more defined contracts are met. |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
You want to submit a sell order for 100 shares of XYZ at $83.88, but only if the Ask price for XYZ drops from $84.00 to $83.80. To set up this conditional order, create the sell order, select LMT as the order type, and enter 83.88 in the Lmt Price field. Right-click the order line and select Modify, then Condition.
From the Conditional tab on the Order Ticket, click Add Condition, then enter the appropriate contingent information. If and when the Ask price for XYZ moves to meet the conditions, your sell order will be submitted.
Any stock or option symbols displayed are for illustrative purposes only and are not intended to portray a recommendation.