Comment on Cover Orders - For Higher Leverage

shaf commented on 15 Jul 2013, 08:52 AM

Hello,

Can you assist on cover order. For example a stock trading at 100. When I select a cover order to BUY. The trigger price range shown is 100 – 95 with PRICE TYPE – MARKET. I place trigger order price as 105. Am I right the stock will be bought at current market price and a sell order automatically goes for 105?

Thank you

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