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Risk Disclosure<br />
Securities products are offered through Manhattan Beach <strong>Trading</strong> Financial Services, Inc. ("<strong>MB</strong>TFS"), member<br />
FINRA, SIPC. <strong>MB</strong> <strong>Trading</strong> Forex (<strong>MB</strong>TFX) is a CFTC registered RFED and member of NFA. <strong>MB</strong>TFX offers execution and<br />
settlement services for futures based products and off-exchange foreign currency (Forex) products. <strong>Trading</strong> in<br />
futures, options and Forex is speculative in nature and not appropriate for all investors. Investors should only use<br />
risk capital when trading futures, options and Forex because there is always the risk of substantial loss. <strong>MB</strong>TFS and<br />
<strong>MB</strong>TFX are sometimes referred to collectively herein as "<strong>MB</strong> <strong>Trading</strong>.“<br />
Order Entry guide is to be used for educational purposes only and not considered to be trade advice or trade<br />
recommendations.<br />
Contact Information<br />
Headquarters: 1926 E. Maple Ave | El Segundo, CA 90245<br />
24 Hour Help Desk: (866) 628.3001 | (310) 647.4281<br />
Email:<br />
fxsupport@mbtrading.com<br />
Twitter:<br />
@mbtrading<br />
Facebook:<br />
facebook.com/mbtradingfutures<br />
YouTube:<br />
http://www.youtube.com/user/<strong>MB</strong><strong>Trading</strong><strong>Futures</strong><br />
www.mbtrading.com
An order to buy at the current market price. The advantage of a market order is you are almost always guaranteed<br />
your order will be executed (as long as there are willing buyers and sellers). The disadvantage is the price you<br />
receive when your order is executed may not always be the price you obtained from a real-time quote service or<br />
were quoted by a broker. This may be especially true in fast-moving markets where prices are more volatile. When<br />
you place an order "at the market,” execution usually occurs immediately and market execution prices can differ<br />
from the currently displayed quote.<br />
Trader would like to go long AAPL<br />
at the current market price.<br />
Current Market: 415.50<br />
Entry Price: 415.50<br />
Stop Loss: none<br />
Target: none<br />
Current Market 415.50<br />
Buy Market AAPL @ 415.50 (Entry Price)<br />
www.mbtrading.com
An order to sell at the current market price. The advantage of a market order is you are almost always guaranteed<br />
your order will be executed (as long as there are willing buyers and sellers). The disadvantage is the price you<br />
receive when your order is executed may not always be the price you obtained from a real-time quote service or<br />
were quoted by a broker. This may be especially true in fast-moving markets where prices are more volatile. When<br />
you place an order "at the market,” execution usually occurs immediately and market execution prices can differ<br />
from the currently displayed quote.<br />
Trader would like to go short AAPL<br />
at the current market price to<br />
enter a trade.<br />
Current Market: 415.50<br />
Entry Price: 415.50<br />
Stop Loss: none<br />
Target: none<br />
Current Market 415.50<br />
Short Market AAPL @ 415.50 (Entry Price)<br />
www.mbtrading.com
An order to sell at the current market price. The advantage of a market order is you are almost always guaranteed<br />
your order will be executed (as long as there are willing buyers and sellers). The disadvantage is the price you<br />
receive when your order is executed may not always be the price you obtained from a real-time quote service or<br />
were quoted by a broker. This may be especially true in fast-moving markets where prices are more volatile. When<br />
you place an order "at the market,” execution usually occurs immediately and market execution prices can differ<br />
from the currently displayed quote.<br />
Trader would like to go sell AAPL at<br />
the current market price to exit<br />
their trade.<br />
Current Market: 415.50<br />
Entry Price: 415.50<br />
Stop Loss: none<br />
Target: none<br />
Current Market 415.50<br />
Sell Market AAPL @ 415.50 (Entry Price)<br />
www.mbtrading.com
A Market-if-Touched (MIT) order is an order to buy<br />
(or sell) a contract below (or above) the market.<br />
The MIT order is held in the system until the<br />
trigger price is touched. When the trigger price is<br />
touched the order is submitted as a market order.<br />
www.mbtrading.com
A market order initiated at the Nasdaq, NYSE, AMEX market open (9:30 EST). Upon activation, <strong>MB</strong>TX uses<br />
its algorithm to find the best price in the marketplace, however, the price cannot be guaranteed. MOOs can<br />
be placed as early as 8:00am EST.<br />
Buy or sell a stated amount of a security at the closing price of the New York or American stock exchange.<br />
The order will be sent to the specialist and held until the close of the market. Stock prices vary based on<br />
current conditions, the specialist, and these conditions are not always reflected. The actual price at which<br />
your order is filled may be better or worse than you expected. MOC orders can be placed anytime after the<br />
market opens up to 20 minutes before the market close. NYSE accepts MOC until 3:45pm EST and Nasdaq<br />
accepts until 3:50pm EST.<br />
For more details about either order type, please call the trade desk at (866) 628-3002 for details.<br />
www.mbtrading.com
An order to buy at a specific price. A buy limit order can only be executed at the limit price or lower. Remember<br />
that your limit order can possibly not be executed because the market price may quickly surpass your limit before<br />
your order can be filled. However, using a limit order will protect you from buying at too high of a price.<br />
Trader would like to go long AAPL<br />
below the current market price.<br />
Current Market: 415.50<br />
Entry Price: 390.25 or better<br />
Stop Loss: none<br />
Current Market 415.50<br />
Target: none<br />
Buy Limit AAPL @ 390.25 (Entry Price)<br />
www.mbtrading.com
An order to sell at a specific price. A sell limit order can only be executed at the limit price or higher. Remember<br />
that your limit order can possibly not be executed because the market price may quickly surpass your limit before<br />
your order can be filled. However, using a limit order will protect you from selling at too low of a price.<br />
Sell Limit AAPL @ 445.00 (Entry Price)<br />
Trader would like to go short AAPL<br />
above the current market price.<br />
Current Market: 415.50<br />
Entry Price: 445.00 or better<br />
Current Market 415.50<br />
Stop Loss: none<br />
Target: none<br />
www.mbtrading.com
A Limit-if-Touched (LIT) order is similar to a stop order, except<br />
that an LIT sell order is placed above the current market price,<br />
and a stop sell order is placed below.<br />
www.mbtrading.com
A limit order initiated at the market open. LOO orders for listed securities (NYSE and AMEX) are sent to the primary<br />
exchange and will participate in the opening print if eligible. LOO orders for Nasdaq securities will be treated like a time<br />
triggered order and sent to the marketplace at 9:30am EST. LOOs must be placed by 9:20am EST for listed securities<br />
and 9:29am EST for Nasdaq. Other restrictions may apply.<br />
A limit order initiated at the market close. Only available for NYSE, AMEX, and NASDAQ equities. Other restrictions may<br />
apply.<br />
For more details about either order type, please call the trade desk at (866) 628-3002 for details.<br />
www.mbtrading.com
An order with a Limit price that tracks the best Bid or Ask. For<br />
example, a Pegged order to BUY would submit a Limit order at<br />
the best Bid and follow that price (either up or down) until the<br />
entire order is executed.<br />
www.mbtrading.com
An order to buy at market once the price reaches or passes through a specified price (your stop). Used by traders<br />
who either are looking to buy a stock if it breaks out of a certain price OR are looking to close a short position on a<br />
stock if it breaks out of a certain price. A stop market order to buy must be above the current offer price. Stop<br />
orders do not guarantee you an execution at or near the stop price. Once triggered, the order competes with other<br />
incoming market orders.<br />
Trader would like to go long AAPL<br />
above the current market price.<br />
Buy Stop AAPL @ 430.00 (Entry Price)<br />
Current Market: 415.50<br />
Entry Price: 430.00<br />
Stop Loss: none<br />
Target: none<br />
Current Market 415.50<br />
www.mbtrading.com
An order to sell at market once the price reaches or passes through a specified price (your stop). Used by traders<br />
who either are looking to sell short a stock if it breaks under of a certain price OR are looking to close a long<br />
position on a stock if it breaks under a certain price. A stop market order to sell must be below the current bid<br />
price. Stop orders do not guarantee you an execution at or near the stop price. Once triggered, the order competes<br />
with other incoming market orders.<br />
Trader would like to go short AAPL<br />
below the current market price.<br />
Current Market 415.50<br />
Current Market: 415.50<br />
Entry Price: 390.25<br />
Stop Loss: none<br />
Target: none<br />
Sell Stop AAPL @ 390.25 (Entry Price)<br />
www.mbtrading.com
Works like a Buy Stop Market order with one major exception. Once the order is activated (by the price reaching or<br />
passing the stop price), it does not become a market order. Instead, it becomes a limit order with your specified<br />
limit price. The advantage of this order is that you set a specified maximum price at which your order can be filled.<br />
The disadvantage is that your order may not be filled.<br />
Trader would like to go long AAPL<br />
above the current market price. If<br />
fill does not occur, it stays pending<br />
until order is cancelled.<br />
Buy Limit AAPL @ 431.25 (Limit Entry Price – Specified Fill By Price)<br />
Buy Stop AAPL @ 430.25 (Stop Entry Price – Activates Order)<br />
Current Market: 415.50<br />
Entry Price Stop: 430.25<br />
Entry Price Limit: 431.25<br />
Stop Loss: none<br />
Target: none<br />
Current Market 415.50<br />
www.mbtrading.com
Works like a Stop Market order with one major exception. Once the order is activated (by the price reaching or<br />
passing the stop price), it does not become a market order. Instead, it becomes a limit order with your specified<br />
limit price. The advantage of this order is that you set a specified minimum price at which your order can be filled.<br />
The disadvantage is that your order may not be filled.<br />
Current Market 415.50<br />
Trader would like to go short AAPL<br />
below the current market price. If<br />
fill does not occur, it stays pending<br />
until order is cancelled.<br />
Current Market: 415.50<br />
Entry Price Stop: 390.50<br />
Entry Price Limit: 389.75<br />
Buy Stop @ 390.50 (Stop Entry Price – Activates Order)<br />
Buy Limit @ 389.75 (Limit Entry Price – Specified Fill By Price)<br />
Stop Loss: none<br />
Target: none<br />
www.mbtrading.com
Plus Orders, also referred to as “combination orders,” combines two different order types.<br />
• Market + Stop Market<br />
• Market + TTO<br />
• Market + Trailing Stop<br />
• Limit + Stop Market<br />
• Limit + Trailing Stop<br />
• Limit + TTO<br />
• Stop Market + Limit<br />
• Stop + Trailing Stop<br />
• Stop + TTO<br />
• Stop Limit + Trailing Stop<br />
• Stop Limit + TTO<br />
www.mbtrading.com
Specify two prices, an upper and lower price trigger. Once the market trades at either price, a market order is sent<br />
for execution. This order type is commonly used to help limit potential losses and lock-in potential profits.<br />
Long Position<br />
Short Position<br />
Upper Trigger Take Profit Stop Loss<br />
Lower Trigger Stop Loss Take Profit<br />
www.mbtrading.com
Initially places a market order to buy and upon execution, places an opposite stop market to sell. Note: Upon<br />
execution of any part of the initial market order, an equal stop market order is placed with your pre-set stop price.<br />
Trader would like to go long AAPL<br />
at the current market price, upon<br />
execution a sell Stop Market is<br />
submitted automatically.<br />
Current Market: 415.50<br />
Entry Price: 415.50<br />
Stop Loss: 405.25<br />
Target: none<br />
Current Market 415.50<br />
Buy Market AAPL @ 415.50 (Entry Price)<br />
Stop Market AAPL @ 405.25 (Stop Loss)<br />
www.mbtrading.com
Initially places a market order to sell and upon execution, places an opposite stop market order to buy. Note: Upon<br />
execution of any part of the initial market order, an equal stop market order is placed with your pre-set stop price.<br />
Trader would like to go short AAPL at<br />
the current market price, upon<br />
execution a buy Stop Market is<br />
submitted automatically.<br />
Current Market: 415.50<br />
Entry Price: 415.50<br />
Stop Loss: 420.25<br />
Target: none<br />
Current Market 415.50<br />
Stop Market AAPL @ 420.25 (Stop Loss)<br />
Sell Market AAPL @ 415.50 (Entry Price)<br />
www.mbtrading.com
Initially places a market order to buy and upon execution, places an opposite TTO to sell. Note: Upon execution of<br />
any part of the initial market order, an equal TTO is placed with your pre-set trigger prices.<br />
Upper TTO @ 450.50 (Target Price)<br />
Trader would like to go long AAPL<br />
at the current market price, upon<br />
execution a sell TTO with desired<br />
profit and stop parameters are<br />
submitted automatically.<br />
Current Market: 415.50<br />
Entry Price: 415.50<br />
Stop Loss: 405.25<br />
Target: 450.50<br />
Current Market 415.50<br />
Buy Market @ 415.50 (Entry Price)<br />
Lower TTO @ 405.25 (Stop Loss)<br />
www.mbtrading.com
Initially places a market order sell and upon execution, places an opposite TTO to buy. Note: Upon execution of any<br />
part of the initial market order, an equal TTO is placed with your pre-set trigger prices.<br />
Upper TTO @ 420.50 (Stop Loss)<br />
Trader would like to go short AAPL<br />
at the current market price, upon<br />
execution a buy TTO with desired<br />
profit and stop parameters are<br />
submitted automatically.<br />
Current Market: 415.50<br />
Entry Price: 415.50<br />
Stop Loss: 420.50<br />
Target: 365.00<br />
Current Market 415.50<br />
Buy Market @ 415.50 (Entry Price)<br />
Lower TTO @ 365.00 (Target Price)<br />
www.mbtrading.com
Initially places a market order to buy and upon execution, places an opposite trailing stop sell. Note: Upon<br />
execution of any part of the initial market order, an equal trailing stop is placed with your pre-set trailing offset.<br />
Trader would like to go long AAPL<br />
at the current market price with a<br />
sell trailing stop submitting upon<br />
the long market execution.<br />
Current Market: 415.50<br />
Entry Price: 415.50<br />
Stop Loss: $5 Trailing Stop<br />
Target: Will go until trailing<br />
stop is hit or cancelled by<br />
trader.<br />
Current Market 415.50<br />
Buy Market @ 415.50 (Entry Price)<br />
Trailing Stop @ 410.50 (Stop Loss)<br />
www.mbtrading.com
Initially places a market order to sell and upon execution, places an opposite trailing stop to buy. Note: Upon<br />
execution of any part of the initial market order, an equal trailing stop is placed with your pre-set trailing offset.<br />
Trader would like to go short<br />
AAPL at the current market price<br />
with a buying trailing stop<br />
submitting upon the long market<br />
execution.<br />
Current Market: 415.50<br />
Entry Price: 415.50<br />
Stop Loss: $5 Trailing Stop<br />
Target: Will go until trailing<br />
stop is hit or cancelled by<br />
trader.<br />
Current Market 415.50<br />
Trailing Stop @ 420.50 (Stop Loss)<br />
Buy Market @ 415.50 (Entry Price)<br />
www.mbtrading.com
Initially places a limit order to buy and upon execution, places an opposite stop market order to sell.<br />
Trader would like to go long AAPL<br />
below the current market price,<br />
upon execution a sell Stop Market<br />
is submitted automatically.<br />
Current Market 415.50<br />
Current Market: 415.50<br />
Entry Price: 390.50 or better<br />
Stop Loss: 385.50<br />
Target: none<br />
Buy Limit @ 390.50 (Entry Price)<br />
Stop Market @ 385.50 (Stop Loss)<br />
www.mbtrading.com
Initially places a limit order to sell and upon execution, places an opposite stop market order to buy.<br />
Stop Market @ 435.25 (Stop Loss)<br />
Sell Limit @ 430.25 (Entry Price)<br />
Trader would like to go short AAPL<br />
above the current market price.<br />
Current Market: 415.50<br />
Entry Price: 430.25 or better<br />
Stop Loss: 435.25<br />
Current Market 415.50<br />
Target: none<br />
www.mbtrading.com
Initially places a limit order to buy and upon execution, places an opposite TTO to sell. Note: Upon execution of any<br />
part of the initial limit order, an equal TTO is placed with your pre-set trigger prices.<br />
Upper TTO @ 465.75 (Target Price)<br />
Trader would like to go long AAPL<br />
below the current market price,<br />
upon execution a TTO is submitted<br />
automatically.<br />
Current Market 415.50<br />
Current Market: 415.50<br />
Entry Price: 390.50 or better<br />
Stop Loss: 385.25<br />
Target: 465.75<br />
Buy Limit @ 390.50 (Entry Price)<br />
Lower TTO @ 385.25 (Stop Loss)<br />
www.mbtrading.com
Initially places a limit order to sell and upon execution, places an opposite TTO to buy. Note: Upon execution of any<br />
part of the initial limit order, an equal TTO is placed with your pre-set trigger prices.<br />
Upper TTO @ 435.25 (Stop Loss)<br />
Sell Limit @ 430.25 (Entry Price)<br />
Trader would like to go short AAPL<br />
above the current market price,<br />
upon execution a TTO is submitted<br />
automatically.<br />
Current Market: 415.50<br />
Current Market 415.50<br />
Entry Price: 430.25 or better<br />
Stop Loss: 435.25<br />
Target: 390.75<br />
Lower TTO @ 390.75 (Target Price)<br />
www.mbtrading.com
Initially places a limit order buy and upon execution, places an opposite trailing stop to sell. Note: Upon execution<br />
of any part of the initial limit order, an equal trailing stop is placed with your pre-set trailing offset.<br />
Trader would like to go long AAPL<br />
at the current market price with a<br />
sell trailing stop submitting upon<br />
the long market execution.<br />
Current Market 415.50<br />
Current Market: 415.50<br />
Entry Price: 390.50<br />
Stop Loss: $5 Trailing Stop<br />
Target: Will go until trailing<br />
stop is hit or cancelled by<br />
trader.<br />
Buy Limit @ 390.50 (Entry Price)<br />
Trailing Stop @ 385.50 (Stop Loss)<br />
www.mbtrading.com
Initially places a limit order sell and upon execution, places an opposite trailing stop to buy. Note: Upon execution<br />
of any part of the initial limit order, an equal trailing stop is placed with your pre-set trailing offset.<br />
Trailing Stop @ 435.25 (Stop Loss)<br />
Trader would like to go short<br />
AAPL at the current market price<br />
with a buy trailing stop<br />
submitting upon the long market<br />
execution.<br />
Sell Limit @ 430.25 (Entry Price)<br />
Current Market: 415.50<br />
Entry Price: 430.25<br />
Stop Loss: $5 Trailing Stop<br />
Current Market 415.50<br />
Target: Will go until trailing<br />
stop is hit or cancelled by<br />
trader.<br />
www.mbtrading.com
Initially places a stop market order to buy and upon execution, places an opposite TTO to sell. Note: Upon<br />
execution of any part of the initial stop order, an equal TTO is placed with your pre-set trigger prices.<br />
Upper TTO @ 475.25 (Target Price)<br />
Trader would like to go long<br />
AAPL above the current market<br />
price, upon execution a TTO is<br />
submitted automatically.<br />
Current Market: 475.25<br />
Buy Stop @ 420.75 (Entry Price)<br />
Entry Price: 420.75<br />
Stop Loss: 405.50<br />
Target: 475.25<br />
Current Market 415.50<br />
Lower TTO @ 405.50 (Stop Loss)<br />
www.mbtrading.com
Initially places a stop market order to sell and upon execution, places an opposite TTO to buy. Note: Upon<br />
execution of any part of the initial stop order, an equal TTO is placed with your pre-set trigger prices.<br />
Upper TTO @ 420.50 (Stop Loss)<br />
Trader would like to go short AAPL<br />
below the current market price,<br />
upon execution a TTO is submitted<br />
automatically.<br />
Current Market: 415.50<br />
Entry Price: 395.75<br />
Stop Loss: 420.50<br />
Target: 355.45<br />
Current Market 415.50<br />
Sell Stop @ 395.75 (Entry Price)<br />
Lower TTO @ 355.45 (Target Price)<br />
www.mbtrading.com
Initially places a Stop Market order to buy and upon execution, places an opposite Trailing Stop order to sell. At the<br />
time you place a Stop + Trailing Stop, you would enter your desired stop price at which to enter the position. When<br />
this stop price is reached by the market, a market order is sent. Upon execution of this first part of the combo<br />
order the system will send out an auto-closing trailing stop (reflecting the trailing offset you selected when first<br />
placing the order).<br />
Trader would like to go long AAPL<br />
above the current market price<br />
with a sell trailing stop submitting<br />
upon the long market execution.<br />
Buy Stop @ 425.50 (Entry Price)<br />
Current Market: 415.50<br />
Entry Price: 425.50<br />
Stop Loss: $5 Trailing Stop<br />
Target: Will go until trailing<br />
stop is hit or cancelled by<br />
trader.<br />
Current Market 415.50<br />
Trailing Stop @ 420.50 (Stop Loss)<br />
www.mbtrading.com
Initially places a Stop Market order to sell and upon execution, places an opposite Trailing Stop order to buy. At the<br />
time you place a Stop + Trailing Stop, you would enter your desired stop price at which to enter the position. When<br />
this stop price is reached by the market, a market order is sent. Upon execution of this first part of the combo<br />
order the system will send out an auto-closing trailing stop (reflecting the trailing offset you selected when first<br />
placing the order).<br />
Trader would like to go short AAPL<br />
below the current market price<br />
with a buy trailing stop submitting<br />
upon the short market execution.<br />
Current Market: 415.50<br />
Entry Price: 400.25<br />
Stop Loss: $5 Trailing Stop<br />
Target: Will go until trailing stop<br />
is hit or cancelled by trader.<br />
Current Market 415.50<br />
Trailing Stop @ 405.25 (Stop Loss)<br />
Sell Stop @ 400.25 (Entry Price)<br />
www.mbtrading.com
Initially places a stop limit order to buy and upon execution, places an opposite TTO to sell.<br />
Upper TTO @ 498.30 (Target Price)<br />
Trader would like to go long AAPL above<br />
the current market price. If fill does not<br />
occur, it stays pending until order is<br />
cancelled. Upon execution a sell TTO with<br />
desired profit and stop parameters are<br />
submitted automatically.<br />
Buy Limit @ 437.25 (Limit Entry Price – Specified Fill By Price)<br />
Buy Stop @ 435.75 (Stop Entry Price – Activates Order)<br />
Current Market: 415.50<br />
Entry Price Stop: 437.25<br />
Entry Price Limit: 435.75<br />
Lower TTO @ 420.05 (Stop Loss)<br />
Stop Loss: 420.05<br />
Current Market 415.50<br />
Target: 498.30<br />
www.mbtrading.com
Initially places a stop limit order to sell and upon execution, places an opposite TTO buy.<br />
Current Market 415.50<br />
Upper TTO @ 410.75 (Stop Loss)<br />
Trader would like to go short AAPL<br />
below the current market price. If fill<br />
does not occur, it stays pending until<br />
order is cancelled. Upon execution a<br />
buy TTO with desired profit and stop<br />
parameters are submitted<br />
automatically.<br />
Sell Stop @ 405.35 (Stop Entry Price – Activates Order)<br />
Sell Limit @ 402.25 (Limit Entry Price – Specified Fill by Price)<br />
Current Market: 415.50<br />
Entry Price Stop: 405.35<br />
Entry Price Limit: 402.25<br />
Stop Loss: 410.75<br />
Lower TTO @ 370.50 (Target Price)<br />
Target: 370.50<br />
www.mbtrading.com
Initially places a stop limit order buy and upon execution, places an opposite trailing stop order sell.<br />
Trader would like to go long AAPL<br />
above the current market price with a<br />
sell trailing stop submitting upon the<br />
long market execution.<br />
Current Market: 415.50<br />
Buy Limit @ 422.35 (Limit Entry Price – Specified Fill By Price)<br />
Buy Stop @ 420.50 (Stop Entry Price – Activates Order)<br />
Entry Price Stop: 420.50<br />
Entry Price Limit: 422.35<br />
Stop Loss: $5 Trailing Stop<br />
Trailing Stop @ 415.50 (Stop Loss)<br />
Target: Will go until trailing stop is<br />
hit or cancelled by trader.<br />
Current Market 415.50<br />
www.mbtrading.com
Initially places a stop limit order to sell and upon execution, places an opposite trailing stop order to<br />
buy.<br />
Current Market 415.50<br />
Trailing Stop @ 409.25 (Stop Loss)<br />
Trader would like to go short AAPL<br />
below the current market price with<br />
a buy trailing stop submitting upon<br />
the short market execution.<br />
Current Market: 415.50<br />
Sell Limit @ 404.25 (Stop Entry Price – Activates Order)<br />
Sell Stop @ 403.50 (Limit Entry Price – Specified Fill By Price)<br />
Entry Price Stop: 1.2980<br />
Entry Price Limit: 1.2975<br />
Stop Loss: $5 Trailing Stop<br />
Target: Will go until trailing stop is<br />
hit or cancelled by trader.<br />
www.mbtrading.com
Initially places a stop limit order to sell and upon execution, places an opposite trailing stop order to<br />
buy.<br />
Current Market 415.50<br />
Trailing Stop @ 409.25 (Stop Loss)<br />
Trader would like to go short AAPL<br />
below the current market price with<br />
a buy trailing stop submitting upon<br />
the short market execution.<br />
Current Market: 415.50<br />
Sell Limit @ 404.25 (Stop Entry Price – Activates Order)<br />
Sell Stop @ 403.50 (Limit Entry Price – Specified Fill By Price)<br />
Entry Price Stop: 1.2980<br />
Entry Price Limit: 1.2975<br />
Stop Loss: $5 Trailing Stop<br />
Target: Will go until trailing stop is<br />
hit or cancelled by trader.<br />
www.mbtrading.com
Only display a fraction of your actual trade size on Level II. Someone that trades larger sizes may find this very useful. It<br />
provides a terrific way to keep costs down because you are only charged one commission and you have the benefit and<br />
advantage of hiding your true order size.<br />
Initially places a reserve order (either a buy or sell) and upon execution, places an opposite TTO (either a buy or sell).<br />
Note: Upon execution of any part of the initial reserve order, an equal TTO is placed with your pre-set trigger prices.<br />
www.mbtrading.com
Set a discretionary price range when placing an order. For example: Buy 100 CSCO at a limit price of 65 with a<br />
discretionary price of 65 1/2. Your order is displayed at your specified limit price, not your discretionary price. When a<br />
bid or offer appears at or within your discretionary price range, your order will be routed to the Nasdaq Market<br />
Participant(s) at their quoted price. Please note that stock can trade ahead of you because your discretionary price<br />
does not necessarily make you the best bid or offer.<br />
Same as Discretionary order but also provides the option to show only a fraction of the total trade size. Someone that<br />
trades larger sizes may find this very useful. It provides a terrific way to keep costs down because you are only charged<br />
one commission and you have the benefit and advantage of hiding your true order size.<br />
www.mbtrading.com
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