Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: shamim a ansari who wrote (27220)	10/12/2002 9:54:33 AM
From: Dr. Stoxx	Respond to of 39683

Shamim, The solution to that is to use a stop-limit order. Order will only fill at your stop price or better. The downside is in a fast market you might not get filled. But I think in the long run you will save money. TC

To: shamim a ansari who wrote (27220)	10/12/2002 12:16:11 PM
From: DaringDon	Read Replies (1) \| Respond to of 39683

Shamim: Probably not. It really is a floating stop. If the market triggers your stop (or trailing stop) it means that it will cover your stock at the market price, not necessarily at the stop price, if the market is moving fast. I have never had one drop 80 cents away like that. You could use a stop-limit, which is your stop price combined with a limit price that means you'll cover in between the range of the limit price and stop price. The drawback to that is the market can blow by your limit price just as quick as your stop price and you will still be holding the shares (long or short). I hope I haven't confused you. Don