uWink Inc. (UWKI)

[Netman]

TBG: A "Buy" Stop Limit order is entered above the current ask price in order to buy a stock when it reaches a resistance level.

If the stock price rises and trades up to or through the stop price, the order becomes a "Buy" Limit order at the stop price. The stock must then trade again at the stop price for the order to execute. If the order executes, you are guaranteed to receive the stop price or better. However, you are not guaranteed an execution. If the order is triggered, and the stock does not trade again at the stop price or better, the order remains open.

There are four basic types of orders to buy or sell securities. - "Market." "Limit." "Stop Loss." And "Stop Limit".

A "buy" Stop Loss order is placed...above the current market price.

If the stock trades at or above your Stop Loss price, ...your order becomes a market order and you will buy at the next available price.

There is a slight difference between Listed equities, Over The Counter equities and Options for stop loss orders.

Listed securities trigger off the last trade...while Over The Counter stocks and options trigger off the "bid" or "ask", depending on if it's a sell or buy respectively.


uBuy until uSell - uWink, uWait, uWin! - Netman