HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
You can only use limit orders to EARN profits, NOT to prevent you from losing money...the reason being
too many people would use it to manipulate stocks. I could have orders set to sell any stock that drops .50 cents, and then buy it back for $1.00 less. You could do this all day long with shorts and longs of stocks.
HSX has said they will not offer this, due to the ability to manipulate stock prices. Remember that just because you can do something in the real world stock market does not mean HSX will offer it here....
HSX is more concerned with manipulation of prices if stop loss orders are allowed...and that's the reason it's not offered.
East coast trading killing me, no limit orders on sells... Sep 09, 11:35
there are limit orders Sep 09, 13:01
Stop loss shouldn't be possible. The order will execute right away because the current price is better than 82. {nm} Sep 09, 13:04
why shouldn't stop loss be possible? i've used it in the "real stock market" {nm} Sep 09, 16:06
You can only use limit orders to EARN profits, NOT to prevent you from losing money...the reason being Sep 10, 07:31
Well, usually there are good reasons they do or don't offer a feature...we just don't always know the reasons... {nm} Sep 10, 20:26
Get up earlier, if you want to trade early. Could it be said that West Coast has easier, quicker access to news? {nm} Sep 09, 13:44
