azuyuyete
11-10-2016,
Hi, fairly new to active trading. I am having an issue with settings stops correctly.
I want to set a stop for both my target and stop loss. So say I have 150 shares of XXX at $30. I want to set a stop loss at $28, but I also want to set a limit/stop at say $33 to take profit. Basically so I can be happy with those exits points and not have to watch it. So far with a couple different trading platforms trying to do something like that has given me warnings. The warnings are that there are two orders of the same size at the same time, so it will consider the second order a sell short position. Is this right? Am I going about this the wrong way?
I want to set a stop for both my target and stop loss. So say I have 150 shares of XXX at $30. I want to set a stop loss at $28, but I also want to set a limit/stop at say $33 to take profit. Basically so I can be happy with those exits points and not have to watch it. So far with a couple different trading platforms trying to do something like that has given me warnings. The warnings are that there are two orders of the same size at the same time, so it will consider the second order a sell short position. Is this right? Am I going about this the wrong way?