HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Yeah, but you can't set a limit order "on trend"...
For example, if a stock IPO's for $20, you can't set a limit order for $20.01 to buy the next day - it will execute the order as long as the strike price is equal or LESS, which means it would execute the buy order immediately. The opposite for shorting. A short price order of $19.99 executes when the value is equal or GREATER, so it would also execute immediately and not the next day.
You could put in a limit order, for example, to short at $21, which might or moght not execute the next day, and be reverse of trend, as the stock would be rising - having risen already $1...
Is this what you're asking?
That's not the way limit orders work, if I understand what you are asking. {nm} Dec 10, 08:16
Some do. most don't. I used to till I got bored. :/ {nm} Dec 10, 12:12
Yeah, but you can't set a limit order "on trend"... Dec 11, 07:17
