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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Highway Jim who wrote (40360)	11/16/2003 11:25:55 AM
From: Ron	Respond to of 71157

Jim, I suppose it would vary depending on one's techniques and goals. I happen to be primarily a day trader, so I do almost all trades in real time, manually, using limit orders. But I am sure many who trade longer term would use different methods. Be interesting to see other responses here. Ron

To: Highway Jim who wrote (40360)	11/17/2003 9:14:58 AM
From: xcr600	Respond to of 71157

The liquidity of the stock is something to consider.. You shouldnt see much slippage with a stop order if it's very liquid but if it's not, you could get screwed... Also also depend on your broker too.

To: Highway Jim who wrote (40360)	11/17/2003 3:18:51 PM
From: Johnny Canuck	Respond to of 71157

I don't get to watch the market all day so I have to go with a stop order. I do agree with X's comment about getting shaken out by a market maker though. I have been on the receiving end of that from time to time. I think the key here is to get out with a profit and move on to the next trade. Worrying about the last cent will just drive you crazy. I have very rarely if ever have done the perfect trade. If you can make money consistently it won't matter. Another point to remember, if the stock is volatile or if some bad news hits the stock like during earnings, a limit order is executed after a sell at the market order as far as I know.