Order entry

[Not Today]

Hi

When placing orders as a daytrader do you as a rule Place a buy entry order first then quickly enter your stop order? Or use a one triggers other order so that both are placed at the same time.
What in your opinion is the best method?

thanks NT

 

[EdgeHunter]

Quote from Not Today:

Hi

When placing orders as a daytrader do you as a rule Place a buy entry order first then quickly enter your stop order? Or use a one triggers other order so that both are placed at the same time.
What in your opinion is the best method?

thanks NT

There are a number of software front ends, BracketTrader, ButtonTrader, NinjaTrader that will place your order and a stop and a profit target all at the same exact time... check the search feature at top of ET to search for info on this...

cj...



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