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Rising buy

  • 26-08-2009 2:49pm
    #1
    heno55
    Registered Users, Registered Users 2 Posts: 123 ✭✭


    Hi can anyone explain to me what is a "Rising buy" and how to use it,
    i ask because sharewatch have just updated their trading platform and when you set limit orders you have a choice of buy,sell,stoploss, all of which i understand and rising buy which i dont,
    so far the new platform seems great :)


Comments

  • #2
    heno55
    Registered Users, Registered Users 2 Posts: 123 ✭✭heno55


    anyone?:confused:


  • #3
    ixus
    Registered Users, Registered Users 2 Posts: 2,435 ✭✭✭ixus


    My guess on this would be that's it's the opposite to a stop loss.

    For example, you're thinking of buying shares in Boards.ie but, they've been ranging between €2-3 for the past few months. If they break out of this range, you want to buy so, you place a rising buy order to enter once the price has passed 3.10 or some price. This could allow you to catch the beginning of a break out.

    I'd suggest you contact the company for clarification. I can't imagine they don't have this on their website as few would use it without explanation.


  • #4
    heno55
    Registered Users, Registered Users 2 Posts: 123 ✭✭heno55


    thanks for that ixus :D


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