TC2000 Help SiteTrading Stocks & Options Trading StocksHow to Place A Sell Order With A Trendline

How to Place A Sell Order With A Trendline

Placing a sell order based on a trendline allows TC2000 to automatically modify the order up (or down) the trajectory of the trendline. This provides the opportunity to follow a stock's movement and attempt to sell it within the natural movement of its trend. Below are the steps to placing this kind of order.

1. Click the Sell button at the bottom of the price pane.

If you have a trendline drawn on the chart, click on that trendline and choose Sell Limit from the drop down menu.

From the drop down menu choose Sell {Sym} at Trendline

2. This initiates a Trendline drawing tool and the AutoTrak feature needed to automatically modify the Trendline order.

Click and drag the mouse to draw the trendline to be used for the Sell order

3. This places a limit order ticket on the chart with the initial order being placed at the price level represented by the trendline under the last bar on the chart.

The trajectory of the trendline into the future will serve as the path down which the order will be automatically modified.

4. Modify the path of the trendline by clicking and dragging the red dashed line in the projection space. (Optional)

5. Click the Sell {Sym} button.

Click Place Order to confirm and submit the trendline buy order.

6. A live sell order now exists on the chart

This order will automatically modify down the trajectory of the trendline at the selected interval. If the stock price moves up and hits the modified stop level the order may be filled.

The trading tools work on either a LIVE brokerage account or a PAPER (simulated) trading account. Live market trading requires an account with TC2000 Brokerage (www.TC2000Brokerage.com).