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THE MECHANICS
OF TRADING
coming 12 months
Look for Timely stocks, in Timely industries
Identified Eastman Chemical Co. (EMN)
Yahoo Finance
EMN Cash Flow Statement (#s in thousands)
Types of Orders
Buy/Sell
Market Fills at current market price, without restriction as to price
Limit Limit Price is set and must fill at a price equal or better than the limit price
Stop Becomes Market order when the market hits or passes the stop price
Stop Limit Becomes Limit order when market hits or passes the stop price
Trailing Stop Moves Stop price automatically as the stock moves
Trailing Stop Limit Moves Stop and Limit prices automatically as the stock moves
Bracket Stop (OCO) Take profits and limit losses at the same time
Bracket Stop Limit (OCO) Take profits and limit losses at the same time, with Limits
Pegged to Primary Follows best market bid (for sell order) minus an offset; fill room
Hidden Reserve order that displays no size to the market (good for large orders)
Reserve Hides actual order size from the market and reveals part at a time
Discretionary Limit order that allows for a slight amount of variation in the fill price
Sweep to Market Order broken up to match the available bids (or offers); for speed
Sweep to Limit Order broken up to match bids (or offers) at the Limit price or better
Trade Automation
Quote Trigger
Order becomes active when a specified quote hits the
Trigger price
Trigger can be for a different stock (ticker symbol)
Fill Trigger
Order becomes active when a different order is filled
in your account
One-Cancels-Other (OCO)
Useful for setting an exit strategy
Time in Force
Day
Any open order is automatically cancelled at the end
Special Handling
AON All or None
NH Not Held (gives broker time/price discretion)
Summary