How to enter Contingent Orders using SmartStops

SmartStops are most effective when established daily for the stocks in your portfolio. The easiest way to set your SmartStops so they will provide constant protection is by entering the SmartStop aggressive or conservative price as a trigger price in your broker’s contingent order screen.

The contingent order tools offered by brokers allow you to enter specific conditions that must be met for an order to be triggered. By making an order contingent, the trade is sent to the marketplace only when the market price meets specified criteria (price, volume, percentage change, etc.).

Your aggressive or conservative SmartStop will be the specific price that triggers a “sell order”. If the conditions are met and the order is executed your broker will send you order confirmation. See below for example screenshots from some of the major online brokers.

TDAMERITRADE
ETRADE
Scottrade
OPTIONSXPRESS
TRADEKING

If you have further questions, please contact us at support@smartstops.net.