Comment on Stop Loss orders - Limit/Market

spynkz commented on 10 Dec 2017, 09:49 AM

Hi Nitin,

This is a long pending question, What is the reason that exchanges permit you to allow trailing stop losses for Bracket Orders, where it is not considered automated trading, but for a Normal stop loss order it is not allowed? I have traded successfully in the US with Ameritrade using this strategy. They even allow stop losses to be placed GTC, and not just EOD and Intraday.

This is the biggest issue for me right now, as too much tracking is involved for each buy/sell on a large portfolio.

Bracket Orders do not allow modification, as any modification is resulting in an automatic exit from the trade. Correct me if I am wrong. Also, I am restricted to limit orders while placing bracket orders, so most often I may not get a fill.

Thanks.

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