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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Gary E who wrote (26680)7/1/1999 12:24:00 PM
From: SE  Read Replies (1) of 44573
 
Thanks for reminding me. This from ZAP on that subject.....

-Scott
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Thanks for the email,

I would follow up on this email you received. It appears the broker
would be misinformed to me. Our system treats a stop order the same way as all stops are handled on the trading floors. Once the market trades once at the price of the stop order then the order is filled as a market order.

It seems odd to only put a 5 point limit order in when the market could blow through that level and the customer would be exposed.

As with every market, slippage is always a potential depending on market conditions.

Best Regards,
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