Can you place a stop and limit order at the same time Binance
Advanced trading types: conditional ordersThere are 5 types of conditional orders you can use depending on how you want to trade. Show
A conditional order allows you to set order triggers for stocks and options based on the price movement of stocks, indexes, or options contracts. There are 5 types: contingent, multi-contingent, one-triggers-the-other (OTO), one-cancels-the-other (OCO), and one-triggers-a-one-cancels-the-other (OTOCO). Contingent ordersA contingent order triggers an equity or options order based on any one of 8 trigger values for any stock, up to 40 selected indexes, or any valid options contract.
Example of a contingent order1. You place a Contingent order to buy XYZ stock at a limit of $25 if the UVW index moves up more than 1.25%. Multi-contingent ordersA multi-contingent order triggers an equity or option order based on a combination of 2 trigger values for any stock or up to 40 selected indexes. The criteria can be linked by "and at the same time," "or," or "then." "And at the same time" is chosen if both criteria must be met at the same time. "Or" is chosen if either 1 of the 2 criteria must be met. "Then" is chosen if the criteria must be met in sequential order.
Example of a multi-contingent order1. You purchase XYZ at $25 and place a Multi-Contingent order to sell XYZ at the market if... One-triggers-the-other (OTO)A one-triggers-the-other order actually creates both a primary and a secondary order. If the primary order executes, the secondary order automatically triggers. This type of order can help you save time: place a buy order as your primary order and a corresponding sell limit, sell stop, or sell trailing stop at the same time. Or, if you trade options regularly, use an OTO order to leg into a buy-write or covered call position. Trailing stop orders are available for either or both legs of the OTO.
Example of a one-triggers-the-other order1. You place an OTO to buy XYZ at $30 and sell at a $2 trailing stop loss. One-cancels-the-other (OCO)With a one-cancels-the-other order (OCO), 2 orders are live so that if either executes, the other is automatically triggered to cancel. When orders are placed for retirement accounts, a price-reasonability check helps prevent both OCO orders from executing in a fast market. This feature does not exist in nonretirement accounts.
Example of a one-cancels-the-other order1. You buy XYZ stock at $23. One-triggers-a-one-cancels-the-other (OTOCO)In a one-triggers-a-one-cancels-the-other order, you place a primary order which, if executed, triggers 2 secondary orders. If either of these secondary orders executes, the other is automatically canceled.
Example of a one-triggers-a-one-cancels-the-other order1. You place an order to buy XYZ at $25. Next steps to considerMatch ideas with potential investments using our Stock Screener. Stock trading at Fidelity Learn about Fidelitys research and online commission rates. Fidelity's stock research Maximize the potential benefits of Fidelitys research tools. |