LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (709)	9/28/1998 9:58:00 PM
From: NewKit	Read Replies (1) of 43080

LS, How about a discussion on STOP order? Thanks for your input on ADPT, DCLK and NSCP. All are on target! How many years have you been in this "business" to be so "accurate"? You must be making a lot of $$$$$$ :-) I'm thinking is it wise for one to set STOP order at next (or major) support/resistance if one is unable to follow the market? Last Friday I saw MM run stop sell of GCTY to -4 pts at market open only to recovery within an hour! I'm just wondering, at market open, if there isn't any buy or sell order but there are stop sell and stop buy order at (say) 15% away from yesterday close, will MM dive all the way down to buy all the stop sell or jump up to short all the stop buy? May be this will only happen to those low volume stocks. Are you in favour of physical STOP or mental STOP? If one unable to follow the market, how should he set the STOP?

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