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To: dennisp who wrote (2636)1/23/1998 12:18:00 PM
From: David Nelson  Read Replies (2) | Respond to of 12617
 
I've tried it too. As a matter of fact, If you have an existing stop or limit order on a position, Schwab won't accept any new order on that position until the previous order has been cancelled. Makes it difficult to move fast if you get a pop to the upside and want to sell but have a stop sell order below the current price.

I suspect that this common among brokerage firms?

--Dave



To: dennisp who wrote (2636)1/23/1998 12:55:00 PM
From: Richard Goodman  Respond to of 12617
 
This type of order is allowed by some brokers. Its specified as OCO or one cancels the other. You have to check with your broker, and switch if it's really important.


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