If you seriously want to make big gains over and over....
Then you must do this as it has worked for the last 21 years of trading. Enter a GTC Buy Stop Limit order at price that is 5% higher than 3 month average. You will always catch a major breakout that way and ride it up into double percentage gains. Once your order is executed, simply wait for big gain and sell. Then repeat. Ignore everyone else, including all replies to this post as I have seen all of them lose their $$$ over and over and over again since Clinton was in office.
Nice post, my best trades were also done using buy stop limits. But the cash does get put aside for the trade so for small accounts who wish to trade another stock they'd simply need to cancel the order to trade something else.
Actually it does NOT free up any cash. The funds necessary to execute the pending trade are held OUT by your broker in the event the trade triggers. You cannot use that cash for anything else. You just locked it up waiting for a trade that may never happen.