Do not hesitate to e-mail Netpicks with your questions. They are very
responsive. Your questions are right-on.
The reason we are searching for a new broker, more option friendly, is
so we will have more success mimicking Netpicks,(i.e. Buy XYZ stock when is trades thru 109) Schwab won't do this for us, Accutrade will.
Again, they say enter a stop (i.e. enter XYZ stop at 95), Schwab will not do this if we have a sell limit order in, Accutrade will.
A trailing stop is where Netpicks really makes the big money. As I
understand, and anyone out there please feel free to correct me, when a stock and stock option have a run up, their sell order will follow the run up. (i.e. you have a target to sell XYZ option at 2 1/2, it
hits 2 1/2 and continues upward to 3 1/2, the stop will increase up
and you take an extra $1). Schwab and Accutrade cannot do this.
Target and stop is just as you assume.
Linda |
