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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: virtualsignal who wrote (41803)	12/6/2000 8:52:19 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

No, I think he is saying that if you had a real stop at that point but only two were filled the rest would be filled but at another spot. Tke October 15th, 1998 I think it was. AG came out with a rate cut about 3:12 EST in the afternoon. The SP may have been trading around 1020 and the news of the rate cut blew it up as high as perhaps 1075. In about 3 or 4 minutes. A Stop at 1025, say, would have been lucky to have been filled at 1035. A mental stop may have got you out at 1050. Normally though, if your stop was on a Long at 1374 and it hit you would get a fill at 1374. If there was slippage then you may have been filled at 1373.75, 1373.50, whatever. You would eventually get filled, just not necessarily at your price.