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Strategies & Market Trends : Ride the Tiger with CD

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To: dara who wrote (128138)8/13/2008 12:21:17 PM
From: ceejayt  Read Replies (1) of 312970
 
Hi D.

If the market opens below your stop loss limit the transaction is not triggered - If I had a sell order at 40.05 with a stop loss at 39.00 and the market opened at 38.85 and did not touch 39.00 again within # of days I want order to be valid for, the sell order would not be triggered.

To place a Stop loss -
Select Limit - and enter price that you wish to activate the sell order at for example G at $32.00
Set the number of days you wish the order to be valid for
Select - On Stop the limit - The tricky part 31.99 - 0.00
- this is the way I got stuck in G, it happened on a Friday when I am otherwise engaged. The market opened below my loss limit and therefore to my horror I still have some G.
Edit: And if I had been CD I would have been discipled and sold at market on Monday
CJ
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