scale order

scale order
order to buy ( sell) a security that specifies the total amount to be bought ( sold) and the amount to be bought ( sold) at successively decreasing ( increasing) price intervals; often placed in order to average the price. Bloomberg Financial Dictionary
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An order type which allows a gradual entry to or exit from the market. Such an order allows a trader to scale into or out of the market as he sees a trend confirmed in the market. For example, an order which stipulates 'buy 5 FTSE future at 6000 with a further 5 contracts for each 20 point rise in the market' ensures that as an upward trend occurs, the trader continues to build his position in accordance with his bullish sentiment. Dresdner Kleinwort Wasserstein financial glossary

Financial and business terms. 2012.

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