Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING/SWINGTRADING STOCKS with INTRADAY INVESTMENTS -- Ignore unavailable to you. Want to Upgrade?

To: intothefray3 who wrote (66)	5/22/2001 12:06:56 PM
From: deronw	Read Replies (1) \| Respond to of 565

krasmusson, Glad you are enjoying our thread and learning from our educational posts. By "machine-held," we are referring to what is also known as "server-side" stops. This means that the stop order is held on the order server and NOT released to the Nasdaq or NYSE until the actual stop price is traded. This is better than placing an actual stop order through, for example, SuperDot, which would enable the specialist to see your stop order. When stop orders are visible to specialists or market makers, they typically will do everything in their power to take those stop orders out. So, by having your stop order saved on the server (client) side, you have the added advantage of not "showing your hand" to the specialists and market makers. The best way to use server-side stops is to trade through a direct access broker such as RealTick III, and then use ARCA (an ECN) to place the stop order. ARCA holds all stop orders on server side. Hope this clarifies it for you. Deron Wagner General Partner of IntradayInvestments.com