On the C2 website I’m trying to find the HELP button or menu option up top, but can’t. Is there one? If not, would you please add it. I needed “for an already open position, how to enter stop and limit”. Not being able to do so really puts a damper. Thank you.
I am a big giant 205-pound Help Button, Neil. Poke me and you will get an answer.
The answer is:
Just submit a brand new closing order and mark it as a stop or limit.
For example, let’s say you have an open long position in IBM. It is already open, but now you want to add a stop loss at 23.45.
Enter:
Sell To Close IBM STOP 23.45
Want a profit target at 39.99?
Enter
Sell to Close IBM LIMIT 39.99.
Need help understanding the difference between stops and limits? Here it is:
http://www.collective2.com/static/how_stop.htm
Matthew,
Should you make the related orders an OCA, just to be sure?
Thanks, Matthew. You’re the best!!
No need. It happens automatically, effectively. If either Sell-To-Close order is hit, the remaining one will be removed automatically as soon as there is no more long position in the system.
