Type of Order: Market (buy at open)
After execution of the buy order we calculate a 2% increase over this price and immediately place a stop
order to Sell all shares at the new price which is 2% over the buy price.
Example: Buy MicroSoft (MSFT) at $100.00 per share at opening bell.
Place a Stop Order to sell MSFT at $102.00 per share.
If the stock does not reach the Stop Order sell price within 5 days after the buy order executed,
we cancel the Stop Order and place a Market order to Sell all the shares before the close of the 5th
day. In the above example, if we bought MicroSoft at $100 on a Monday and it had not reached $102 before
the close on Friday, we would cancel our Stop Order and place a Sell order for all the shares before
the close on Friday.