Entering a fast rally at markets opening - stop limit orders being rejected

You already got 2 great tips from the nice folks here:
  1. buy market, cause, you seem unaware of the perils of the stop limit in the volatile markets. (the limit part can cause you a lotta pain)
  2. get a broker that provides you with better order management options such as hotkeys and direct routing,
good luck!
 
constitutionman said:
You already got 2 great tips from the nice folks here:
  1. buy market, cause, you seem unaware of the perils of the stop limit in the volatile markets. (the limit part can cause you a lotta pain)
  2. get a broker that provides you with better order management options such as hotkeys and direct routing,
good luck!
More...

@constitutionman maybe it's as you say, maybe I might not have the experience or understanding of certain processes to recognize a valid advice. For example, you talk of "a lotta pain"....how about providing more context or developing somewhat more your contribution so I might be sure I got what you mean?

nt
 
novicetrader69,

On Lightspeed Trader, this would be an example of a hotkey close out a full short position or buy 500 to open of any stock in the focus window at the market when the price hits $0.50 above the previous close (You can also use bid, ask or 8 other metrics) . It will create a pop up where you can change the price or share amount before sending. This is a server side STOP order if the default route is used.

upload_2018-8-29_5-22-33.png



upload_2018-8-29_5-25-50.png
 
No, a single one. Stop limit order with a buy price higher than the stop/trigger price.

Anyhow order rejection I believe is due to the fact that there is a gap with an open price simply higher than my buy price.

nt
 
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