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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: OZ who wrote (9451)	7/7/2000 6:35:03 PM
From: mpg111	Read Replies (1) \| Respond to of 18137

thanks OZ, your stratagy would have paid off well today in my position. I did fine and sold half after it gaped down and popped back for a few minutes, sold the other a little later for less. I have learned the "daytrade rule" and don't buy back the same stock anymore! yes, I used to! now I have the full printout of how these are handled. I have intraday stops but they are not held on my brokers server, there on my PC...hence I must be logged in for them to work. Not so good overnight! I use Watleys liscenced realtick III but it is Watleys servers that would have to hold the stop. They will do it only for NYSE listings and I would have to call them to place it. None on nasdaq! "it would take too many servers!" quote from the Watley man! I also checked with Cybertrader before going with Watley and they said their stops are held on each individual PC's and therefore not in service if not logged in. Based on this I did not look much further as I did not have intentions of doing many overnights. Watley explained that even the intraday stops are "limits" that could potentially not be triggered on a fast falling stock. They are not stop loss orders. I heard that realtick version 7 has improved on this but we have version III. Either way as I understand if the stop is held on your confuser than you must be logged in for them to work. Who do you use?