Does Charles Schwab has " Market if Touched" and "Limit if Touched" ?

Some people don't want resting orders to be visible.

NinjaTrader will not send your limit order to the broker until the price is touched. It might be dependent on the platform rather than the broker.

But still, can we have the definite word whether Schwab's platform can do this?
 
TradeTune said:
Lets say stock trading at 50.00 now and you want to buy if price drop to 49.80 or cheaper, you will put a "Limit order" buy order at 49.80.

But lets say you don't know which way market will go, and it's trading at 50.00, You want to buy at 50.20 or cheaper, if price touches 50.25 (then you put "LIT Order" for buy) or if price touches 49.80 and you want to short sell at 49.85 or higher (then you put "LIT Order" for sell or short depends on platform)
More...

It sounds like you might want Stop Limit Orders in both directions, One Cancels the Other.

https://www.schwab.com/resource-center/insights/content/stock-order-types-and-conditions-overview
A stop-limit order is a combination of a stop order and a limit order to buy or sell a stock at a specified limit price (or better) only after the stop price has been reached.
More...
https://help.streetsmart.schwab.com/SSCentral/1.0/Content/Advanced Order Types.htm
One Cancels Other (OCO)
One Cancels Other (OCO) orders are two orders sent to the exchange at the same time that are live until one of the orders receives a partial or complete execution. When this occurs, a request to cancel the other order is sent. Please be aware that there is no guarantee that the second order will be cancelled prior to receiving an execution. By choosing to establish a contingent OCO orders, you agree to take full responsibility for these orders and you further agree that Charles Schwab will not be held liable in any way for any losses resulting from their execution.
More...
 
You must log in or register to reply here.
Back
Top