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To: Michael Watkins who wrote (2316)	1/16/2002 5:51:00 PM
From: TheStockStalker	Read Replies (2) of 12411

No argument from me that a non-simulated stop limit might* have better execution chances, but it depends on order in the queue.* You are right about my making some assumptions, but the following is a fact: If both orders (simulated and non simulated) are placed at the same price, the non simulated one will always have a better execution chance because it will always be ahead in the queue. This is true even if the simulated order is placed one week before the stop is hit and the non simulated order is placed ten seconds before the stop price is hit. Also realize that I am placing the limit 20 points higher than the stop (or whatever the max is now) so that it will in effect become a simulated market order (which is exactly what the introducing brokers do with regular "stop" orders that get hit). So for people that read this that are using any broker other than IB or PMB. Use a stop limit instead of a Mkt or Stop order on your front end so that your orders are routed directly to Globex instead of reformatted at your broker. The fact is that most people use ordinary broker held Stop orders on their stopp losses because they just want out when it is time to get out. Instead they might want to try using a stop limit with a limit set to 20 points higher than the stop price. This will automatically put their order in front of each and every person in world that is using the same price and a broker held stop order regardless of when they put it in and will put them ahead of all IB and PMB customers regardless of what order they choose as long as the same price is used. I personally like being ahead of everyone of these people by default simply because of the type or order I use. To me the advantage is not the limit portion of the order ( i would set it 1000 points above if it was allowed), but the advantage is that this type of order eliminates all quote/data latency issues to and from the order servers and also establishes the order in the Globex queue at the time of placement unlike the other type of order which does not. Stalker

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