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

To: rocklobster who wrote (2429)	1/19/2002 3:49:07 AM
From: fut_trade	Respond to of 9012

"I meant 11.." I've been out most of this week and just looked at the tick table for NQ and ES. ES only spiked 3 points, so you might consider trading a less volatile contract. It appears that there were too many buy stop orders on the NQ at 11 EST and trading became unstable for a few minutes until the buy stops were all cleared. It's just supply and demand - there were not enough sell orders to cover the demand. It's sort of a short squeeze. I've done some modelling of trading systems for the eminis, and I've found it's easier to make money trading with a very wide stop. When your stops get taken out, you want it to really hurt and you don't want it to be triggered by a spike. It's possible to win 80% or more of your trades that way. With a tight stop, one is lucky to win 50% of the time.