Coach Matt looks into placing the entry order on Short Stock
Entry: Sell Stop Limit
Stop Loss: Buy Stop
Target: Buy Limit
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8 Replies to “Short Stock Entry Order”
‘Preciate it, Matt. I’m dangerous now! Thanks.
Hey Matt,
Love these videos man, they are so helpful, especially to see you do the order entry in TOS. That software seems really complex to a beginner. Quick question, do you set the exit orders as GTC also in a shorting position?
Thanks Matt..
hey Matt
1. I am not too familiar with the Fibonacci extension thing you were talking about, any links you can provide that explain this?
2. Normally in order to calculate the Target price on a short stock entry order you would simply do: resistance minus PAY correct? (Just like in order to calculate the Target for the long stock entry order you did: support + PAY)
Fibonacci extension https://youtu.be/Zusv7D5IAbQ
Yes, Support plus PAY is your target.
just to be clear, on a bullish trade, the target is support + PAY, on a bearish trade the target is resistance MINUS PAY, is that right?
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