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Stop limit is shown where?


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Stop limit is shown where?

  #1 (permalink)
fxSOL
Belgrade Serbia
 
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Greetings warriors,
Trying to wrap head around what is shown where.
Imagine I have entered long with 500 contracts and I set a SELL STOP higher up to cash in on the profit.

This sell stop I imagine is not shown in DOM, but when STOP is executed and materialized - are the 500 contracts then shown in ASK OR BID column of prints?

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  #2 (permalink)
 injpowwetrust 
San Francisco, CA
 
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fxSOL View Post
Greetings warriors,
Trying to wrap head around what is shown where.
Imagine I have entered long with 500 contracts and I set a SELL STOP higher up to cash in on the profit.

This sell stop I imagine is not shown in DOM, but when STOP is executed and materialized - are the 500 contracts then shown in ASK OR BID column of prints?

If I understood the question correctly, the STOP would be on the sell side on the DOM (ASK SIDE), if you are going long with 500 contracts. Generally, I like to think Stop losses as market or ask orders. So going short would be the inverse, sell to open, buy to close. (STOP WILL SHOW ON BID SIDE)

The breakdown as how I understand it is, Bids are the lower end of price, market - (can be mid, not always depends on how volatile price is moving), ask - top end of the prices. So depending on how volatile price is moving, just be aware the STOP LIMIT, wont always trigger. STOP LOSS will more often than not, but it may not always at the best price.

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  #3 (permalink)
fxSOL
Belgrade Serbia
 
Posts: 60 since Mar 2020
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injpowwetrust View Post
If I understood the question correctly, the STOP would be on the sell side on the DOM (ASK SIDE), if you are going long with 500 contracts. Generally, I like to think Stop losses as market or ask orders. So going short would be the inverse, sell to open, buy to close. (STOP WILL SHOW ON BID SIDE)

The breakdown as how I understand it is, Bids are the lower end of price, market - (can be mid, not always depends on how volatile price is moving), ask - top end of the prices. So depending on how volatile price is moving, just be aware the STOP LIMIT, wont always trigger. STOP LOSS will more often than not, but it may not always at the best price.

This is pretty important imho to read market correct. Trying to fill the gaps and errors I make. I thought a STOP LIMIT was same thing as SL?

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  #4 (permalink)
 injpowwetrust 
San Francisco, CA
 
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fxSOL View Post
This is pretty important imho to read market correct. Trying to fill the gaps and errors I make. I thought a STOP LIMIT was same thing as SL?

stop limit vs stop loss from investopedia


Stop-loss and stop-limit orders can provide different types of protection for both long and short investors.

Stop-loss orders guarantee execution, while stop-limit orders guarantee the price.

Stop limit only works if there is for sure some else on the other side willing to buy your contract at that "exact" price. There will be times when ALL 500 contracts wont be sold at your STOP LIMIT.

Yeah, I can understand your use case for STOP LIMIT. I just prefer STOP LOSS.

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  #5 (permalink)
fxSOL
Belgrade Serbia
 
Posts: 60 since Mar 2020
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Think this enigma what is shown where is the last hurdle for me. Still not crystal clear =)

When you go short, you borrow an asset and sell it, so you would enter at the BID price? To close it, you'd buy the asset back and return it to the lender, so you'd exit at the ASK price. Is this a correct statement?

Also by reading on a site (stackexchange) I found this -

enter long with ASK
exit long with BID

enter short with BID
exit short with ASK

Is the above correct?

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  #6 (permalink)
 chasepatrol 
Bremen, Germany
 
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fxSOL View Post
Is the above correct?

Yes.

Think about it that way: If you buy, you have to pay the spread. You are buying little bit above price (price + spread). If you sell, you sell below price (price - spread).

Whenever you enter a position price has to move a tick in your direction to get you break even.

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Last Updated on March 21, 2023


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