I know this is probably a dumb question, but I'm fairly new to futures trading so please forgive my being a newbie. So far I've just been day trading and placing one market order at a time then another market order on my stop or exit.
But what if I place an order to buy, for example, and the market goes in my favor and I place another order to buy at a slightly higher price. Then supposing the market goes against me and hits the stop loss point of my first order. Is this the order that would be offset when I enter my stop loss order at market? Or would the order offset my second buy order at a slight loss for example, and then if the market fell further to my second stop loss point (for my second original buy order) would that stop loss offset my first buy order, thus incurring a much greater loss on my first buy order? I guess to put it simply, is the first order in the one that is offset first? Thanks for your help, and once again please excuse my "newbieness".