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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Vendit™ who wrote (3148)12/28/2004 10:34:23 AM
From: John Carragher  Read Replies (1) of 8752
 
you always read to not publish your stop orders, limit orders etc. because the mo mo guys will drive down the price and take them out and then move the price back up.

However, since losing big time, not using them,and having recovered a little in the last two years g

i figure set the stops and protect the gains. if mo mo guys come in and take it out , just put it back in again. this is better than getting killed on some analyst news or rumor and you are not on top of the stocks.

these stops do not protect you in after market hours,

your example worked a different way for me a few years back on one of the cree, or qcom stocks. etc.. i had a limit buy in for a stock ,, got it but everybody was bailing out of the stock. so it open the next day down about $8. from my buy.

Looking forward to an education. see ya.

ps reply from ameritrade of clarification of trailing stop.
Dear John Carragher:

Thank you for contacting us today regarding trailing stop orders.

With a trailing stop order the trailing stop will move up as the stock price moves up. The activation price for a trailing stop is based on the highest point the stock has reached since the trailing stop order was placed. Using the 2 point trailing stop from your e-mail, this would mean that the activation price would be 2 points below the highest point the stock has reached since your trailing stop order was entered.
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