HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
Additionally...here's how you would set a limit order....
You buy MOVIE stock for $10.
You set a limit order to SELL it if it reaches $15.
HSX sells the stock when it reaches $15 - you make money.
Do NOT do this:
You buy MOVIE stock for $10You set a limit order to sell the stock if it drops to $5 (so you don't lose all your money)
HSX sells the stock instantly since the $10 price is much higher than $5.
The opposite is true with shorts:
You short MOVIE stock at $10
You set a limit order to cover it at $5
HSX 'covers' the stock when it drops to $5 - you make money.
Do NOT do this with shorts:
You short MOVIE stock at $10
You set a limit order to cover the stock if it rises to $15 (so you don't lose all your money)
HSX 'covers' the stock instantly since the price is higher than $10.
Hope that explains it better for you. Good luck.
Can someone explain how a "limit order" works and how to correctly post a limit order. Apr 01, 09:08
Limit orders only work if you are making a profit.. NOT to prevent losses... Apr 01, 10:01
I tried this too and found out the hard way. lol {nm} Apr 01, 10:10
Additionally...here's how you would set a limit order.... Apr 01, 10:10
Great explaination... Apr 01, 10:34
You're welcome. {nm} Apr 02, 08:23
Another example Apr 01, 16:41
Im confused about your first example jane_citizen Apr 02, 10:04
It wouldn't short it, you would have to later manually sell and then short the stock. Apr 02, 11:31
sorry! I meant you would set a limit order to short at $15, not to buy Apr 02, 18:03
If this works, I will have learned something. Keep posting, we'll query you if we're confused. Thx {nm} Apr 02, 18:31
yeah, probably test any of my limit order theories with single shares Apr 03, 14:54
Good suggestion. I'll do that. {nm} Apr 03, 22:34
