Type of Buy / Sell In POEMS
Philips Trading
https://www.poems.com.sg/tradingmode/pdf/user_guide.pdf
1) Buy Limit and Sell Limit
2) Stop Limit (Limit losses in open positions)
i) Sell Stop Limit - when you have a long position on a security, place trigger price below current market price of the security.
Upon hitting Trigger P (Technical event), activate buy sell Limit
ii) Take profit / minimise loss on long / short position, by setting limit in open position
iii) No guarantee that order will be filled
3) Limit if touched (Create new positions)
i) Anticipate Reversing trend, to create new position
Falling Market, create Long position To enter market when it rebound
LIT sell order is placed above the current market price, and a stop limit sell order is placed below.
Rising Market, create short position to enter market when market P falls
ii) No need to monitor market movement, especially for fast moving markets
iii) Buy contract at specific P, below market P
Sell Contract at specific P, above market P
4) Good Till Date
i) Higher Commission incurs if order partially filled each day (For illiquid, large amount of stocks)
ii) Order may become unfavourable over the long run
https://www.poems.com.sg/tradingmode/pdf/user_guide.pdf
1) Buy Limit and Sell Limit
i) Sell Stop Limit - when you have a long position on a security, place trigger price below current market price of the security.
Buy Stop Limit -when you have a short position on a security.place trigger price above current market price of the security.
Upon hitting Trigger P (Technical event), activate buy sell Limit
ii) Take profit / minimise loss on long / short position, by setting limit in open position
iii) No guarantee that order will be filled
3) Limit if touched (Create new positions)
i) Anticipate Reversing trend, to create new position
Falling Market, create Long position To enter market when it rebound
LIT sell order is placed above the current market price, and a stop limit sell order is placed below.
Rising Market, create short position to enter market when market P falls
ii) No need to monitor market movement, especially for fast moving markets
iii) Buy contract at specific P, below market P
Sell Contract at specific P, above market P
4) Good Till Date
i) Higher Commission incurs if order partially filled each day (For illiquid, large amount of stocks)
ii) Order may become unfavourable over the long run
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