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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: ojai who wrote (865)	11/8/1997 10:49:00 AM
From: Venkatesh Nakkala	of 12617

Hi, let me share my experiences with Stop Losss Orders...I had a stop for a stock at 8 7/8...then cancelled it...then the stock went all the way down to 6 3/4 before I could sell it.... On the other hand I had a small company stock recently that I had a stop very close to the current price like at stop at 8 3/4 when the stock is at 9...in this case I actually noticed that the only trade at 8 3/4 that day was mine and they took it back up after getting me,.. so you have to use your judgement..depends on whether you are a short term or a long term investor....you should always use stops to protect your gains once you have some gain... one problem sometimes is if you have a stop loss order and you want to sell the stock at a lot higher..with companies like Datek you have to first cancel the stop loss order before you put your sell order.... But overall I think a judicious use of stop loss orders is very important to prevent you from becoming an investor from a trader in companies.. Hop that clarifies some more, Venkatesh

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