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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Eric P who wrote (7274)5/17/1999 6:58:00 AM
From: trion12  Read Replies (1) of 12617
 
Can any Web broker do this?

I trade from overseas so I am asleep when the U.S. markets are open.
Does anyone know of an e-broker that allows in addition to the entering of a stop-limit order, the entering of a complementary stop-loss order at the same time, conditional on the first order being executed?

e.g. If I enter an order to buy 100 XYZ at 100 stop limit 101 I would like to have this followed up with a second order to sell 100 XYZ at 99 stop if and only if the first order is executed.

Since I cannot watch the market in real-time, I would like to have this kind of protection auto-electronically.

I know this is not a day trading question, but as a lurker here for the past few months I thought that this forum is where I stand the best chance of getting a knowledgeable answer.

Thanks.
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