Good till cancelled vs. Stop - Aussie Stock Forums

Results 1 to 5 of 5
  1. #1

    Default Good till cancelled vs. Stop

    Hi all

    If one buys a stock without a stop for say $1 and lets just say the stock goes to $1.30.

    If then a sell at say $1.10 order is placed in the market as GOOD TILL CANCELLED just in case it comes back down.

    Is this then pretty much the same as a Stop or conditional order of the same value.


  2. #2

    Default Re: Good till cancelled vs Stop

    Maybe I don't understand what you mean exactly, but if the stock is at $1.30 and you put a 'limit order' ('good til cancelled' or not) for $1.10, it will sell immediatley at $1.30

  3. #3

    Default Re: Good till cancelled vs Stop


    Thanks Alterego i understand now i was thinking it sells at the price you nominate but of course anyone prepared to sell at $1.10 will accept $1.30. My thinking was not correct.


  4. #4

    Default Re: Good till cancelled vs Stop

    Im using IB.

    When I place an order I always attach a bracket order.
    Both can be altered during a trade with a GTC order.
    The Bracket order allows me to set a stop---which I can rise or fall
    and a Limit stop which i can do the same.

    So in your case Star I would just raise the stop behind.
    Its not triggered until hit.

  5. #5

    Join Date
    Sep 2007

    Default Re: Good till cancelled vs Stop

    hi stargazer

    see if u can open an demo/trial a/c and test it out on play money

Similar Threads

  1. 3 week expiry of good-until-cancelled order = problem
    By zed000 in forum Beginner's Lounge
    Replies: 0
    Last Post: 1st-June-2011, 08:59 AM
  2. Replies: 1
    Last Post: 18th-March-2011, 10:37 AM
  3. 25 Days till Christmas
    By CoffeeKing in forum General Chat
    Replies: 11
    Last Post: 24th-December-2008, 07:43 AM
  4. CBOT experience: Stop market orders cancelled
    By RobinHood in forum Derivatives
    Replies: 0
    Last Post: 28th-June-2008, 12:15 PM
  5. Cancelled orders
    By Nyden in forum Beginner's Lounge
    Replies: 1
    Last Post: 30th-October-2007, 08:08 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums