The broker people told me that to do a basic stop loss it's a separate contingency sell order (using their free software i got). but the customer service seemed unsure, and it's not explained in the manual. what do you think (below)? i already went long and the order below is supposed to be a basic stop loss if price moves against me:
trigger when price goes down to 191 ($1.91)
and sell all 117 shares
they said it was key to put "less than or equal" and "market to limit" rather than limit (no other options available like market, and they were disagreeing with each). i care nothing about limiting , i just want to sell it all off like a normal stop loss. the only options were "market to limit" or "limit" in the Pricing Instruction field.
(i wonder exactly what the "market to limit" option is doing...maybe i know but not sure)
thanks again everyone