And yet another new vid! Order Cancel Orders (OCO) (OptionsHouse) Used with The Stock Advisor App
New video posted: Stop Limit Buy Orders Used with The Stock Advisor App
I'm not sure if I understand the question. But in an attempt to add some clarity, you can generally choose the duration of the order, either "good till cancel" or "day". If set to "day", the order will automatically cancel itself at the end of the trading session if not otherwise executed (4pm EST). Conversely, setting a "good till cancel" order will stay active until the order is executed or you manually cancel it.
Thanks! Glad you enjoyed it.
Thanks for the comment. Not using a trigger is definitely an option. But I like to use it so that in case the stock experiences volatility on the way up to my target the position won't be exited. But do what works best for you. As for after hours (AH) trailing stop orders, it depends on your broker, but with most, any regular session orders do not carry over to AH. Instead, a separate AH order must be placed. Hope this helps!
Thanks for the kind words! The trailing stop is based off of the HIGHEST price the stock reaches (after you've set the order). Let's say you place a $1.00 trailing stop order when the stock is at $10.50. At that moment, the stop is set at $9.50. But then let's say the stock climbs to $12.00; now the stop automatically follows and at this point is set at $11.00. Then let's say the stock reverses and dips to $11.25; you still own the stock and the stop is still at $11.00. Make a little more sense?