Stocks & InvestmentsMay 7, 2020
Newbeachguy67
Stop-limit sell orders on etrade - question
Hi Blind - quick question on stop-limit sell orders. Say, for example, I buy 50 shares of MSFT at $183 today. Then I put in a stop-limit sell order of my 50 MSFT shares at $172 to protect against a sudden crash. Is the sell order guaranteed to execute at $172? Just want to make sure it can't sell lower than $172 (for example if there's a drastic sudden crash). Thanks as always Blind. Hope you all are doing well.
You described a stop order, not stop limit order which you have to enter 2 amounts. In your case it will sell at market price as soon as it drops below 172
New
beachguy67 OP May 7, 2020Thanks very much. Sorry about that - it is described as "Stop on Quote" on etrade - my bad
Yeah and there should be another option for stop-limit
It’s probably impossible to guarantee. Just imagine price in the evening is $174 and then next morning the best buying order is $169
Thanks appreciated.
No even that. They can just get flooded with low sell and low buy orders that cause an instantaneous drop in price... i.e. flash crash.