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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Gerard who wrote (1018)5/10/1998 3:06:00 AM
From: Tai Jin  Read Replies (2) of 2120
 
I'll answer your question. You'll be short if the second sell executes. Here's what I really want. Put in an order to buy or sell and at the same time put in the closing order and a stop. The closing order and stop are only effective if the initial buy or sell order executes, and then only one of the closing order or stop will be executed. I realize that daytraders don't need this, but when you can't be watching the stock all day, an automated system of order placement and execution is essential. Does MB Trading or any other system provide this capability?

thanks...tai
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