How to enter Contingent Orders using SmartStops
SmartStops are most effective when established daily for the stocks in your portfolio.
The easiest way to set your SmartStops so they will provide constant protection
is by entering the SmartStop short-term or long-term price as a trigger price in
your broker’s contingent order screen.
The contingent order tools offered by brokers allow you to enter specific conditions
that must be met for an order to be triggered. By making an order contingent, the
trade is sent to the marketplace only when the market price meets specified criteria
(price, volume, percentage change, etc.).
Your long or short-term SmartStop will be the specific price that triggers a “sell
order”. If the conditions are met and the order is executed your broker will send
you order confirmation. See below for example screenshots from some of the major
online brokers.
TDAMERITRADE
Screenshots are provided courtesy of TDAMERITRADE and are provided for educational
and informational purposes only. TDAMERITRADE does not guarantee, approve or endorse
the information or products available at this site or through this presentation,
nor does the display of TDAMERITRADE screenshots indicate any association with or
endorsement by TDAMERITRADE. TDAMERITRADE is not associated with, does not endorse,
and does not sponsor SMARTSTOPS.NET. TDAMERITRADE
makes no investment recommendations and does not provide financial, tax or legal
advice. Any stock, options, or futures symbols displayed are for illustrative purposes
only and are not intended to portray a recommendation to buy or sell a particular
investment. Advanced order involve additional risks.
ETRADE
Screenshots are provided courtesy of E*Trade and are provided for educational and
informational purposes only. E*Trade does not guarantee, approve or endorse the
information or products available at this site or through this presentation, nor
does the display of E*Trade screenshots indicate any association with or endorsement
by E*Trade. E*Trade is not associated with, does not endorse, and does not sponsor
SMARTSTOPS.NET. E*Trade makes no investment recommendations
and does not provide financial, tax or legal advice. Any stock, options, or futures
symbols displayed are for illustrative purposes only and are not intended to portray
a recommendation to buy or sell a particular investment. Advanced order involve
additional risks.
Scottrade
Screenshots are provided courtesy of Scottrade and are provided for educational
and informational purposes only. Scottrade does not guarantee, approve or endorse
the information or products available at this site or through this presentation,
nor does the display of Scottrade screenshots indicate any association with or endorsement
by Scottrade. Scottrade is not associated with, does not endorse, and does not sponsor
Smart Stops.Net. Scottrade makes no investment recommendations and does not provide
financial, tax or legal advice. Any stock, options, or futures symbols displayed
are for illustrative purposes only and are not intended to portray a recommendation
to buy or sell a particular investment. Advanced order involve additional risks.
OPTIONSXPRESS
Screenshots are provided courtesy of optionsXpress, Inc. and are provided for educational
and informational purposes only. optionsXpress, Inc. does not guarantee, approve
or endorse the information or products available at this site or through this presentation,
nor does the display of optionsXpress screenshots indicate any association with
or endorsement by optionsXpress. optionsXpress is not associated with, does not
endorse, and does not sponsor SMARTSTOPS.NET. optionsXpress,
Inc. makes no investment recommendations and does not provide financial, tax or
legal advice. Any stock, options, or futures symbols displayed are for illustrative
purposes only and are not intended to portray a recommendation to buy or sell a
particular investment. Advanced order involve additional risks.
TRADEKING
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