The site i use has StopQuote and StopQuote Limit orders. A StopQuote is triggered when the last sale price hits your number and immediately turns the sale into a market order. In the case of a rapidly declining market your sale could be substantially lower than your StopQuote price. A StopQuote Limit order is also triggered when the last sale price hits your number. However, your order is converted into a limit order, meaning the sale is NOT executed until you get your limit price or better. In the case of a rapidly declining market if your limit price is not hit, you continue to own the stock albeit at a presumably much lower price. In either case, remember enter GTC (Good til Cancelled) in the timeframe slot, else the default is only good for the day. Most GTC's are good for six months.
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