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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: LemonHead who wrote (14509)	1/22/2001 3:05:32 PM
From: OldAIMGuy	Respond to of 18928

Hi Keith, I've never used either as they don't really seem to have value if I'm attending to business with AIM. From my view if that last trade representing 2% of my account's value in that stock doesn't happen, it's not anything to be concerned about. So, could you potentially enter a stop limit order for just 5% of your holding? Best regards, Tom

To: LemonHead who wrote (14509)	1/22/2001 3:09:06 PM
From: axp	Read Replies (1) \| Respond to of 18928

Tom: A stop (or stop limit) order is placed for a particular number of shares, just like a normal sell order. So yes, you can place a stop order for a portion of your account. LemonHead: I'm familiar with this distinction. Since the market started trending downward last year I've been able to avoid a lot of losses using stop orders. But I wasn't AIMing then. A heavily traded issue like INTC, QQQ, or MSFT rarely gaps down without hitting the intermediate prices and stops work well. But, that risk certainly exists. I've found stop orders on thinly traded issues don't work well because the price can fluctuate enormously from trade to trade. Thanks for the responses. I hear what Bernie says about learning the basics before trying to make adjustments. However, I have what I consider a large portfolio (many houses worth - my basic measure) and trusting AIM with it right off the bat without trying to integrate successful strategies from experience doesn't seem very wise either. Like most people (especially my kids!), I learn through mistakes. I'll just have to make my own with AIM.