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Old 06-24-2008, 03:36 PM
ronatola ronatola is offline
Junior Member
 
Join Date: Jun 2008
Location: Toronto
Posts: 1
Default How do I set a Buy Floor and Ceiling

Beginner question here.
Here's my scenario.
I want to setup an automated buy of a stock.
It is currently trading at 10
I want to buy 1000 units when it reaches 8 and and stop buying if it reaches 9. But I don't want to have an 'all or none'.

Also, how do I know how many lots it will execute? I don't want to have 10 orders of 100 units because that would increase my transaction costs.

Ron.
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