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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: advocatedevil who wrote (57807)	12/19/2001 4:05:57 PM
From: Sam Citron	Read Replies (1) \| Respond to of 70976

Nice job, AD. Steady as she goes. end

To: advocatedevil who wrote (57807)	12/19/2001 6:39:46 PM
From: Robert O	Read Replies (4) \| Respond to of 70976

OT - Trading Uh oh fairly big trouble for me today as part of the 'how many of use here are trying to mimic AD' series (though he correctly cautions against this). Now I know the real reason no stop limit orders are used. Here's scenario: Last week or so have traded in and out of INTC mostly. Reading AD had taught me to get out FAST and even at break even or tiny loss to fight again when action feels/looks better. This worked very well and was seeing 400-600 days with simple strategy of letting winners run and constantly upping the stop limit order as price moved my way. Then when move turned it would trigger stop loss and lock in profit. This even worked quite well trading NVDA which I shorted with glee from almost all time high although should have turned that one into long term short swing trade since at 10 billion for what is almost certainly the next ADPT of video cards it's only a matter of time for reality to set in. Anyhow, here's expensive lesson I'd appreciate any comments on if anyone is familiar with problem and ways to get around. I bought 2000 AMAT and price moved up 20 cents so I bought another 2000 then price moved up about another 7 cents. I put in stop limit order all or none for all 4000 at price about 11 cents lower than current bid. AMAT drops 20 cents and stop limit never fills. This has never happened to me in INTC or ever for that matter. I use Ameritrade, they explain this happens al the time and even in slow moving market which this was limits get traded over and that's your last chance until perhaps it comes back up to your price. Only way around this is a Stop order which turns into a marker order as your price is hit. those are B.S. since you always get the screw you fill of the century since MMs know you must get out and simply wait until lowest price they see is hit after your limit number (I did this and AMAT filled partially at my limit then 15 cents lower!!). Watching market tick by tick and only using market orders is a way around this but time consuming and I want to make easy money <g>. I waited out a 60 cent drop to get back to almost even to get out here and escaped with around 1 k hit die to awfull fill but still feel lucky. Bottom line: there is NO ORDER put out in advance that can guarantee an even remotely close (in terms we are talking about) 'out' for long shares even in a slow and VERY liquid market. There ought to be a law. Guess who profits handsomely from this? Yea the ones who know where all the limit orders are placed I bet. Crock. RO