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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: jkl77™ who wrote (67913)	10/11/2002 11:41:37 AM
From: shoreco	Respond to of 100058

I always use limits, even if i place them above/below the market... It's an insurance policy... Let's say you want out @$5 and you only have a couple 00's shares, you could place your trigger @$5 and get filled... But, if you need to get out of a couple 000's, then you set you trigger $0.05 away from your price this way it gives you $0.05 worth of action while your order gets filled... The more shares, the bigger the buffer... If you use market orders for stop losses, you just might wish you didn't... EOM Shoreco