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 : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (3149)	12/28/2004 11:05:07 PM
From: Walkingshadow	Respond to of 8752

Hi John, I agree completely. But the mo-mo crowd can't see your stops. Only MMs and specialists can, to the best of my knowledge. Of course, they will often jump in with the mo-mo crowd. Sometimes with particular stocks that I know the MMs are muscling around and it trades towards my stop, I will cancel the stop if I can watch it. Then, I just use a mental stop, and if it hits my mental stop and I see no signs of reversal, I'll just sell with a market order. Thanks for the info re trailing stops. Personally, I like to adjust my stops according to intraday support levels, rather than a fixed percentage. But often I can't devote that much time to it, so an automatic trailing stop would be very useful to me. I use Scottrade also, so that is very good news for me. T