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Strategies & Market Trends : STEAMROLLER'S DAYTRADES
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To: DayTraderKidd who wrote (1182)10/6/1998 12:44:00 PM
From: Wayners   of 1561
 
Sure. You've got two choices. A buy stop or a buy stop limit. With a buy stop, your order ramains dormant until somebody else gets filled on an order at or above your specified buy stop price. At that point, your order is converted to a buy at the market order. A buy stop limit is the same as a buy stop EXCEPT your order is converted to a buy limit instead of a market order.
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