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Zecco.com » General Investing » New Investors » How to add a trailing stop to a pos...
Last post 08-28-2008, 8:14 PM by learned. 2 replies.
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  •  08-28-2008, 2:14 PM 36788

    How to add a trailing stop to a position you already have open

    Reply Quote
    Ok so the subject is the question?  Can we add a trailing stop to an open position?

  •  08-28-2008, 5:09 PM 36806 in reply to 36788

    Re: How to add a trailing stop to a position you already have open

    Reply Quote

    Warshed:
    Ok so the subject is the question?  Can we add a trailing stop to an open position?

     

    I don't use automatic trailing stops. 1, I don't trust computers to make these kinds of adjustments for me and 2, I would rather use support and resistance levels than a flat amount. So I adjust the stop manually. They are available on Zecco, but I wouldn’t trust it.

     

    So, I don’t know how to do that on here. BUT, if you want to do it manually, go to your position page, to the right of the symbol is a link that says “trade.” click on that then enter the order info (order type, stop price). Make sure the order is correct, and hit preview. Confirm the info, and hit send.

     

    You’re done. Then, you can update it daily if you’d like by clicking “modify” from the “order status” page.

     

  •  08-28-2008, 8:14 PM 36832 in reply to 36788

    Re: How to add a trailing stop to a position you already have open

    Reply Quote

    Warshed:
    Ok so the subject is the question?  Can we add a trailing stop to an open position?

    Yes.  Simply select "Trailing Stop" From the Order Type drop down menu.  Then enter the dollar amount to trail by for the "stop price."  So if you want to trail by $2 you would enter 2 into the stop price textbox.

    See the following FAQ:

    http://www.zecco.com/

    There are some caveats and additional risks (for example, you can only submit a trailing stop for round lots.)

    Good luck
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