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: Melissa McAuliffe who wrote (2488)	1/31/1998 10:41:00 AM
From: Susan Saline	Read Replies (1) of 4969

Stops If you have a stop/loss on NAS NYSE or AMEX your stop loss amount becomes a market order when the stocks buy price reaches your stop/loss price One very bad point to real stop/loss orders is:: If you have 200 xzy at 20 and you place a GTC stop/loss order at 18..... ... IF the stock gaps down upon the opening at 15, your stop/loss order becomes a market order, your order is triggered, and your stock sells at the opening price (or close to it) of 15. Good chance your stock will sell at the open, which could very well be the lowest price of the day, as gap downers often rebound some from that opening low. This is a good reason for mental stops vs. real stops. This is correct, Coyoti?? Sue

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next