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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Vendit™ who wrote (3143)	12/28/2004 10:06:48 AM
From: John Carragher	Read Replies (2) of 8752

ameritrade offers trailing stops... scott trade in reply to my email said they planned to offer in june or july of this year. Trailing Stop(definition per ameritrade) A Trailing Stop order is similar to a stop order, but instead of a stop price, a stop parameter is used, creating a trailing activation price. A Trailing Stop indicates that you want your order to become a Market order once the activation price has been reached. For listed securities, an actual execution must occur at or below the activation price for sell orders and at or above the activation price for buy to cover orders. In addition, the execution must be at or within the National Best Bid or Offer. For NASDAQ and OTC National Market System stocks, the bid must be at or below the activation price for sell orders and the ask must be at or above the activation price for buy to cover orders. In addition, orders are not activated for listed, NASDAQ, and OTC National Market System stocks during locked or crossed markets. Trailing Stop orders are not accepted on OTCBB securities //////// to use this method on ameritrade you go to trade stocks and hit the advanced trade button.

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