When I am in a position, lets say LONG. I have a Profit Target and a Stop Loss.
However, Lets say that I want to go SHORT, at a price above my Profit Target (before this profit target is reached on the current Long position). I am then placing a Sell Limit (with the same ATM strategy as the Long Position).
However, when my Profit Target is Hit, all the orders are cancelled. The Stop Loss on the Original LONG trade (which makes sense). But also the SHORT LIMIT ENTRY order.
How can I avoid my "reversing" entry order being cancelled ?
Thanks
Hector
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