From the Trading Desk Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : From the Trading Desk

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Coyoti who wrote (2427)	1/31/1998 9:56:00 AM
From: Melissa McAuliffe	Read Replies (4) of 4969

Coyoti, I have a question re:<<Another point on stop-losses: they must be mental, if your trading Nasdaq; if you place a physical stop-loss, a MM will drop his price for an instant to trigger your stop, and steal your money...guaranteed.>> I was under the impression that you couldn't place "real" stops on nasdaq stocks as you can with the NYSE. I recently found out that several brokerages, e.g. Ameritrade, will accept stop losses on nasdaq stocks. The way this supposedly works is that these firms have developed computerized systems which then generate your order when your price is hit. Thus, I would think the MM's don't even see these until they are sent for execution. I was thinking of finding a firm with which I could set stops on nasdaq stocks but now I am not so sure. Would you mind clarifying this point for me. Thanks. Mellissa

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next