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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: AllansAlias who wrote (27659)1/15/2002 2:47:45 PM
From: Louis V. Lambrecht  Read Replies (2) | Respond to of 52237
 
Allan - Oops?
Dave mailed me about a question and I remember my trading days in the futures:
on Globex I was only allowed to enter market - limit - stop limit orders.

No stop orders. What happened to rok is a market if touched execution.
Some brokers allow a synthetic market on close order which does not exists on the Globex either, but handled through their software.

These handlings must be clearly stated in the fine prints, and I suppose most brokers do.

So I have to correct my answer to rok:
once the stop is reached, the orders becomes a limit order (still the last in the queue for that price).