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Stupid Eur/USD Trade
- Thread starter wep56
- Start date
Don't know what you are trading or who you are trading with but is my case, trading full size S&P contracts requires that my broker know EXACTLY what my intentions are. With the kind of commissions involved, he had better be jumping through hoops to know my intentions!! Or he sure as hell won't be my broker for very long.Quote from atorchio:
That is the point: your broker doesn't care about your intentions. This is why (in futures) a terminology has been created to avoid misunderstandings.
Sure, if you are trading mini-peanut butter contracts, I understand your point.
Example: If I am long 1 S&P contract at 11000 and I place an order to sell 1 S&P contract at 10990 it is considered a stop loss order. If I place an order to sell 1 S&P contract at 11010 it is considered a stop limit order.
If I place an order to sell 2 contracts at 10990 it is considered a stop limit reverse order. Many more scenereos for stop limit orders but the stop loss order is pretty cut and dry.
If I place an order to sell 2 contracts at 10990 it is considered a stop limit reverse order. Many more scenereos for stop limit orders but the stop loss order is pretty cut and dry.
Ok Mr smartass, explain how I am wrong? Sure I trade futures and FX and sometimes stocks. What does that have to do with anything? Are you trying to say that I don't know what I'm talking about with a stop loss order??? Man you have alot to learn.Quote from atorchio:
I'll do the same.
The guy is not only wrong, but he doesn't care to learn why...
Besides, he says he trades Forex and then speaks of SnP...
Just a waste of time, IMHO.
You are so mixed up
if you are long of S&P from 11000 the order to do 1 at 11010 is a limit sell order - the word stop should not be in this order AT ALL. Honestly, please go away and learn, you came on here, asked a question, you now have 2 people telling you you are wrong and you still disagree.
if you are long of S&P from 11000 the order to do 1 at 11010 is a limit sell order - the word stop should not be in this order AT ALL. Honestly, please go away and learn, you came on here, asked a question, you now have 2 people telling you you are wrong and you still disagree.
Quote from wep56:
Ok Mr smartass, explain how I am wrong? Sure I trade futures and FX and sometimes stocks. What does that have to do with anything? Are you trying to say that I don't know what I'm talking about with a stop loss order??? Man you have alot to learn.
I couldn't have said it better: yes, you don't know what you are talking about.
Forget the terminology that you are stuck on. The purpose of such an order is clear. Stop loss!!Quote from marky1:
You are so mixed up
if you are long of S&P from 11000 the order to do 1 at 11010 is a limit sell order - the word stop should not be in this order AT ALL. Honestly, please go away and learn, you came on here, asked a question, you now have 2 people telling you you are wrong and you still disagree.