Hi friends,
i am using odin software for my trading.I know about sl order,but i have a doubt i would be happy if anybody helps me. my doubt is as follows
suppose i bought 100 share of abc company @ 150 on monday
the next day i hear some bad news about that stock and i expect a gap down opening on tuesday morning. Now how should i give a stop order to sell that 100 share of abc bought @ 150 at the opening market price(what ever the price may be) in order minimize my loss?
u may feel that i should place a stop loss order, but what should be my trigger price and what is the actual price to be given.
please any body illustrate assuming that the stock opens at 120 and goes down to 90 tuesday moring,how would have i put an order to sell at the opening price to minimize my loss?
i am using odin software for my trading.I know about sl order,but i have a doubt i would be happy if anybody helps me. my doubt is as follows
suppose i bought 100 share of abc company @ 150 on monday
the next day i hear some bad news about that stock and i expect a gap down opening on tuesday morning. Now how should i give a stop order to sell that 100 share of abc bought @ 150 at the opening market price(what ever the price may be) in order minimize my loss?
u may feel that i should place a stop loss order, but what should be my trigger price and what is the actual price to be given.
please any body illustrate assuming that the stock opens at 120 and goes down to 90 tuesday moring,how would have i put an order to sell at the opening price to minimize my loss?