| Alternative Order | |
 A combination order whereby two separate orders are entered on the same security. The execution of one order cancels the other. |
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 For example, if you purchased shares of XYZ at $5, you could enter an alternative order to sell at either $2.50 or $7.50. If the order to sell at $2.50 was executed, the $7.50 order would be cancelled and vice versa. This would limit potential losses and gains, thus mimicking a collar strategy. |
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 The Basics Of Order Entry - Taking control of your portfolio means knowing when to use particular orders and if they pose added costs. Understanding Order Execution - The way in which your broker fulfills your orders can affect your costs. The Stop-loss Order - Make Sure You Use It - It's a simple but powerful tool that can help you implement your stock-investment strategy. Find out how. |
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