Take profit and additional entry at the same price

New comment
 
I'm sure this is a ridiculous question, but if I set a take profit for a trade and want to take an additional entry with the trend, can I set an entry order to trigger at the same price as the take profit of the original trade?
 
Michael Spelts:
I'm sure this is a ridiculous question, but if I set a take profit for a trade and want to take an additional entry with the trend, can I set an entry order to trigger at the same price as the take profit of the original trade?

yes.
and assuming you are talking about pending stop order(?), BuyStop trigger at Ask, and enter at Bid price. SellStop trigger at Bid, and enter at Ask price.
so you need to consider spread in your entry.

 
Michael Spelts:
I'm sure this is a ridiculous question, but if I set a take profit for a trade and want to take an additional entry with the trend, can I set an entry order to trigger at the same price as the take profit of the original trade?

What would be the point? Just leave the first trade open and avoid paying the additional spread.

New comment