daytrade diaries... february 9 part 2, page-131

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    its called a falling sell, and is found under the "orders" tab at the bottom-choose "conditional trading" option-then "new trigger" option.
    Enter the code then trigger price. Eg if stock is$2 you might want trigger price $1.80 as stop loss
    You can put trigger vol and times also nut i dont use those.
    Further down the page comes the order sell details. When the stop loss triggers this is the price the stock goes on the market at. enter quantity and limit. Limit price must be less than trigger price eg $1.70. Sometimes comsec will not allow the trigger if the price is too far from the trigger price. This can cause the stop to not sell if there is a Gap on the day. Eg if the stock gapped down from $2 to $1.60 the trigger would fire but the stock would end up stuck omn the offer side at $1.70
    You also choose up front $10 fee for stop or $15 fee only if executed. This is plus normal brokerage on the sale
    hope that helps
 
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