Bro, I don't use that but don't think it is a good idea because how many times it breakout and runs very fast until we can't catch?. Who knows maybe break 22 but 22 buy queue only 50 lots and sell queue 23 have 30k lots. Still got chance to get 22. But sell stop order will be more applicable especially for counters that were push up very high in a short period of time. That's how I think.
Reply to @Stockcham : Hey bro, it happens to me as well that after a stock break out a resistance it keeps running up and we can't catch it. So buy stop can help you catch that http://www.investopedia.com/terms/b/buysto... but bad thing is that the price you get maybe too high. If it is a false breakout, it ends up buying the stocks at very high price. So I normally don't use it as well. I sometimes use buy limit and sell limit to buy stocks at a good price and to take profit.
I don't like the way it was traded on Friday playing around 21. On Monday, I will need to see 21 becomes buy queue and stay longer with good buy queue volume, and lower sell queue at 22(not 40k lots type...10k-20K still ok). If it still trade like Friday with sellers keep coming out after 21 finish, then must be ready to unload if 20 break.
Reply to @Stockcham : Have you guys tried placing buy stop order? Which means if the last done price is greater than a certain price, it will automatically buy the stock. Since $Albedo(5IB) has a strong resistance 22. If it can be cleared, we let the system automatically fire a buy order to buy at the price of 23. @guanghong@Rayband
Bro, I don't use that but don't think it is a good idea because how many times it breakout and runs very fast until we can't catch?. Who knows maybe break 22 but 22 buy queue only 50 lots and sell queue 23 have 30k lots. Still got chance to get 22. But sell stop order will be more applicable especially for counters that were push up very high in a short period of time. That's how I think.
Reply to @Stockcham : Hey bro, it happens to me as well that after a stock break out a resistance it keeps running up and we can't catch it. So buy stop can help you catch that http://www.investopedia.com/terms/b/buysto... but bad thing is that the price you get maybe too high. If it is a false breakout, it ends up buying the stocks at very high price. So I normally don't use it as well. I sometimes use buy limit and sell limit to buy stocks at a good price and to take profit.
I'm using StanChart and currently there is no such feature :(
Reply to @guanghong : haha That's why it is cheap in commission fees=)
I don't like the way it was traded on Friday playing around 21. On Monday, I will need to see 21 becomes buy queue and stay longer with good buy queue volume, and lower sell queue at 22(not 40k lots type...10k-20K still ok). If it still trade like Friday with sellers keep coming out after 21 finish, then must be ready to unload if 20 break.
Reply to @Stockcham : Have you guys tried placing buy stop order? Which means if the last done price is greater than a certain price, it will automatically buy the stock. Since $Albedo(5IB) has a strong resistance 22. If it can be cleared, we let the system automatically fire a buy order to buy at the price of 23. @guanghong @Rayband