higler
05-12-2007, 08:50 PM
I'm still practicing with NT and all its features. I like it a lot. A question about exiting a trade that was entered through the Basic Order Box with ATM Stop loss, Profit target, and Trailing stop stop strategy. If I decide that a trade is going "sour" and I want to get out immediately, closing the open position, cancelling all the targets, etc., is there a recommended way of doing this. If I entered with a buy and am long I have seen that I can immediately get out of the trade by doing either a Sell Market or a Close in the Basic Order box. Both these methods seem to close out the position and cancel all pending targets, etc. Is this correct? Is there a preferred way of doing this? Is one preferable to the other? Are there any hidden "dark sides" to doing it this way? Any other ways of doing this that I might not be aware of? Thanks.