Comments on: Hallelujah- Ameritrade’s Conditional Orders http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/ Stocks, Options, Currencies and One Big Dummy Sun, 12 Oct 2008 10:46:53 +0000 http://wordpress.org/?v=2.2.1 By: Ugly http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2884 Ugly Fri, 06 Apr 2007 14:16:45 +0000 http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2884 Babak, could you post an article showing how to do those orders on IB? I would love it - I can't find out how to do it and I could really use it. Thanks. Babak,
could you post an article showing how to do those orders on IB? I would love it - I can’t find out how to do it and I could really use it. Thanks.

]]> By: Babak http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2341 Babak Sat, 31 Mar 2007 02:03:47 +0000 http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2341 I wouldn't go that far Eyal. IB's had all those for a while now. You might have to tweak it a bit and read the manual but it was there :o) I wouldn’t go that far Eyal. IB’s had all those for a while now. You might have to tweak it a bit and read the manual but it was there :o)

]]> By: Will http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2320 Will Fri, 30 Mar 2007 22:23:10 +0000 http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2320 Thanks Mike! I haven't experimented with conditional orders as trailing stops, but I think their use as such would be pretty limited. I don't think you can piggyback multiple conditional orders onto each other- just one or two. At Ameritrade, it's possible using their "Trade Triggers" to, for instance, set a stop limit order at $31.50 if your stock hits $35 or whatever, but to actually program in a full-fledged trailing stop, which cancels one order and activates another one through multiple levels as a stock rises-- I don't think that's currently possible, but I haven't actually tried it myself, so I could very well be wrong. Someone else might jump in here with some better info. I'm mostly excited that we can now automatically buy XYZ at $50, and if that buy goes thru, immediately have a sell stop if it drops to $48.50 or a sell if it rises to $53 -- I've been doing that kind of thing manually, and this'll save tons of energy. Thanks Mike! I haven’t experimented with conditional orders as trailing stops, but I think their use as such would be pretty limited. I don’t think you can piggyback multiple conditional orders onto each other- just one or two.

At Ameritrade, it’s possible using their “Trade Triggers” to, for instance, set a stop limit order at $31.50 if your stock hits $35 or whatever, but to actually program in a full-fledged trailing stop, which cancels one order and activates another one through multiple levels as a stock rises– I don’t think that’s currently possible, but I haven’t actually tried it myself, so I could very well be wrong. Someone else might jump in here with some better info.

I’m mostly excited that we can now automatically buy XYZ at $50, and if that buy goes thru, immediately have a sell stop if it drops to $48.50 or a sell if it rises to $53 — I’ve been doing that kind of thing manually, and this’ll save tons of energy.

]]> By: Mike Griggs http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2257 Mike Griggs Fri, 30 Mar 2007 08:59:04 +0000 http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2257 Hey Will, Thanks for the great content online about stocks and such. I started doing some trading and have been learning and enjoying it. I just wanted to get your thoughts on using the conditional trading for setting "smarter" trailing stops. I haven't really thought it through yet but it seems with the conditional trades there should be a way to setup multiple trailing stop orders so that the highest profits can be gained.. e.g., modifying trailing stop amount as price increases, etc.. Any ideas? Mike Hey Will,
Thanks for the great content online about stocks and such. I started doing some trading and have been learning and enjoying it. I just wanted to get your thoughts on using the conditional trading for setting “smarter” trailing stops. I haven’t really thought it through yet but it seems with the conditional trades there should be a way to setup multiple trailing stop orders so that the highest profits can be gained.. e.g., modifying trailing stop amount as price increases, etc.. Any ideas?

Mike

]]> By: Will http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2228 Will Fri, 30 Mar 2007 01:44:28 +0000 http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2228 LP - waiting patiently in foxhole, powder dry, eyes clear. Hoping to get a shot at McShorty Monday or Tuesday :) LP - waiting patiently in foxhole, powder dry, eyes clear. Hoping to get a shot at McShorty Monday or Tuesday :)

]]> By: LP http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2215 LP Thu, 29 Mar 2007 22:45:19 +0000 http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2215 I look forward to the McShorty day. I look forward to the McShorty day.

]]> By: Will http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2166 Will Thu, 29 Mar 2007 10:44:47 +0000 http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2166 I'm just glad we AMTD users can finally enter stops both above and below our position... but those #4 and #5 options look pretty interesting, too... I’m just glad we AMTD users can finally enter stops both above and below our position… but those #4 and #5 options look pretty interesting, too…

]]> By: Eyal http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2136 Eyal Thu, 29 Mar 2007 08:01:17 +0000 http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2136 That's impressive. More comprehensive than IB's offering in this area. That’s impressive. More comprehensive than IB’s offering in this area.

]]> By: BNJ http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2109 BNJ Thu, 29 Mar 2007 02:15:49 +0000 http://dummyspots.com/2007/03/hallelujah-ameritrades-conditional-orders/#comment-2109 Great news. I've waited on this for years. Great news. I’ve waited on this for years.

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