The 3Dimensional Trading Breakthrough
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<strong>The</strong> 3 Dimensional <strong>Trading</strong> <strong>Breakthrough</strong><br />
Example #2 - Market-On-Close (MOC) order (initiating a futures<br />
position): I want to go short one June Live Cattle futures contract<br />
when the market closes:<br />
“This is a day order for account #12345, sell short 1 June Live Cattle market-onclose/M-O-C.”<br />
Example #3 - Market-If-Touched (MIT) order (offsetting a futures<br />
position): I wish to liquidate my June Cattle position in order to take<br />
immediate profit once the market touches support at 61.95 (Price<br />
is now at 62.30):<br />
“This is a day order for account #12345, buy back 1 June Live Cattle at 61.95<br />
market-if-touched/M-I-T.”<br />
Example #4 - Stop-Close-Only order (offsetting a futures position):<br />
I wish to liquidate my “long” sugar position in order to cut losses<br />
should sugar close below support at 8.15 (Price is now at 8.42):<br />
“This is a day order for account #12345, sell back 3 Mar Sugar at<br />
8.15 stop-close-only.”<br />
Example #5 - Stop limit order (initiating a futures position): I want<br />
to buy long two March S&P’s at/near a price of 1240.10, but I do<br />
not want more than 40 points of slippage beyond 1240.50 (Price is<br />
now at 1238.90):<br />
“This is a day order for account #12345, buy long two March S&P’s at 1240.10<br />
stop, 1240.50 stop limit.”<br />
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