Nov

24

To deter me from forgetting a decimal point when entering a price and placing trades unduly large, I have sought for a maximum allowable trade size in TWS, and think I have found it at Configuration, Options, Precautionary settings, Total Value Limit. This is Option as in the much beloved method of trading. Has anyone tried this and verified that it works?

Another thing I'm thinking of doing, as I am away over virtual manuscript paper for much of the time, is to preset closing orders for when my position reaches a target. Seems logical, though I would rather do it "by hand" somehow. The obverse closure, to reduce losses automatically, I would never do, as one suspects a price might temporarily, as if by magic, reduce to scoop up my offering before returning to its prior level. Such things should not happen but one imagines they do.


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