Hello dear community,
Today I would like to tell you about a very important feature of the professional trading system.
It is about placing a bracket order.
Yes, as far as the market is concerned, you can submit a limit order to sell at a good price and stop-loss to sell the same asset at a bad price
I tried to place two orders for a stock I own. I started by placing a limit order. Then when I want to place a stop-loss, a pop up comes up telling me that I cannot place an order for a stock I do not own.
This makes my investments vulnerable. Otherwise, if I want to place an order to maximize my gains with a limit order I have to sacrifice the ability to protect my position against a price decline with a stop limit.