TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: Mike Sawyer who wrote (26286)	12/7/2001 1:06:46 AM
From: Paul A	Read Replies (2) of 59879

Mike- I usually average into all my positions with 2 or 3 buys/sells, but I always have a stop loss in unless I have so much flexability (say like shorting a volatile stock like NVDA) and I dont mind it going higher so I can add more.. but Mental stops for me just lead to temptation, and since I isolated my problem years ago (temper/emotion)I know I have to adhere to a pretty solid game plan or I start gambling : ) You can always adjust your stops at the start of each day.. thats usually what I do- because the idea of a stop is really a last resort.. I dont want to get stopped out unless its absolutely necessary/throw in the towel heh.. A few months ago I started an account with brokerageAmerica.com, and the market orders are absolutely free.. So far, I havnt had a single complaint and just about all my trades are market orders.. out of 100 trades I probably only used a limit order 5 times (cheap bum I am!) Hey- I spend 15-20k a year in commissions.. if I can save 50% of that? Call me cheap, but thats alot of pizza/calzones! Most liquid issues give you very fair fills for market orders.. God..I remember the days where Ameritrade would take 10 minutes to fill your order, and it was always at the worse possible price.. They did that and killed me for 6 months until I dumped them.. Now I use Ameritrade and never have that problem.. : ) but I definately think market orders are handled alot better today than even a year ago FWIW

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