Tuesday, September 15, 2015

FKLI - Knowledge Lesson 4 : Futures Smartphone Apps - How to key in STOP order

FKLI - Knowledge Lesson 4 :   Futures Smartphone Apps - How to key in STOP order


Legend on ORDER TYPE: STOP and STOP LIMIT (for cutloss prevent overloss)


STOP order: Will cut loss for your position (match at ANY price)

STOP LIMIT:  from 2100-2108 . System will only match your order with the specified Range (2100-2108)


Protection: MAX loss 20pts

Open position = Holding LONG 2100
SELL STOP  Trigger Price =  2080
Contract (lot) = 1
Order Type = STOP 
Validity = DAY (1day)
Click "SELL" after chosen "STOP"

Protection : MAX loss 30pts

Open position = Holding SHORT 2150
BUY STOP Limit: Trigger Price =  2180-2190
Contract (lot) = 1
Order Type = STOP LIMIT 
Validity = DAY (1day)
Click "BUY" after chosen "STOP LIMIT"


Example:


Example:



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