Comment on Cover Orders - For Higher Leverage

vishyvishy commented on 04 Sep 2014, 10:30 AM

There is definitely a major error in ‘design’ of this cover order… Everything goes at CMP – and that is the worst part … I am a commodity trader & I wish I had cover order in little different way — Say Copper is trading at 452CMP and I want to Cover Short sell it at 453 with Fixed 455 SL CMP… And I get out by exit as usual procedure … Current design does not allow me to do this… I have to remain at toes watching Best Buyer and Best seller and CMP meeting my demands … they may meet and they may not but I remain engaged with single scrip all the way … This is the worst part of this Order … Can someone consider to redesign this with what I mentioned earlier … Like the System Design Automatic & Compulsory Fixed SL after my entry at MY PRICE … Present design is other way round and it is a nightmare to trade like that…

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