Advanced Oca Orders
ARTICLE SYNOPSIS ...Every trade demands a stop-loss order. I cannot enter
a position without a stop because the size of every
trade is limited by the distance from entry to stop. Since my
trading horizon is anywhere from several days to several
weeks, I move stops in the direction of the trade once the
price moves in my favor.
Modern platforms provide the ability to use trailing stops,
moving stops in the direction of your trade. When the price
moves against you, that triggers a stop and you are out with
only a small loss or even with a profit. This method is often
used for profit-taking, espe...