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Non-Tech : Interactive Brokers / Timberhill -- Ignore unavailable to you. Want to Upgrade?

To: rocklobster who wrote (2387)	1/15/2002 1:04:12 PM
From: Teresa Lo	Read Replies (2) \| Respond to of 9012

The number one rule is to NEVER enter buy/sell stops at the obvious points, and it's a glaring siren when it's a buy stop just above the high of the day, or it's a sell stop just below the low of the day - particularly using the first hour's pivots. The reason this happens is due to computer matching. When the stop election price is reached, the orders become "market", which means that whatever is next up on deck will be executed - at whatever price is available. Just before this happened, I was in my chat room saying, "here's the triangle and if you're going to get in there for a stop run, this is it. Get in there under the high and see if we get a little ramp job." T.