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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: gonzalez39 who wrote (45462)	4/9/2000 12:07:00 AM
From: Joan Osland Graffius	Respond to of 99985

gonzales39, Welcome to the thread. OT The interesting thing about stop loss orders is the folks in the "pits" will take an asset down in price to take out the stop losses, and/or in the case of shorts bring it up in price to force covering of the short position. Then they will move the asset up or down in price based on supply and demand. You can see this happening in the futures market often. I would assume that it happens less often with a large cap stock like GE, where the specialist has more to do than just play with stop loss orders. I am not a trader and very seldom use Stop Orders. One of my brokers will put a sound signal on his computer to get a signal for a order if I request. This is a full service broker and when I buy from him in my full service account I pay a higher price for the trade than in one of my discount broker accounts. <g> Joan

To: gonzalez39 who wrote (45462)	4/9/2000 12:29:00 PM
From: Stephen	Respond to of 99985

Same with Schwab. I always use limit orders. It can take them 30 minutes before a confirmation is received.... so much for quick trading !!. I spoke to them Friday ... again ... and they blame it on MASH. However .. I've also found that if the price moves against the trade, the fill is much quicker. Additionally, if after waiting for a confirmation for sometime, and the price movement has moved correctly with the trade, any cancelation is very quick. I realsie that this may seem somewhat logical ... but the amount of time descrepancy is less than convincing. Whilst the odds have always been against the small retail trader, it is far worse now than anytime in the last 3 years or so since I first started trading. Any ethics which may have existed have been toatally sacrificed for profit maximization.