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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Darth Trader who wrote (5276)	2/11/1998 9:56:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 120523

DARTH - AmeriTrade I don't know about the sell limit with a protective stop in place, although since those are not conflicting orders, per se, I would think you could - I will try it on the next one I place there. As for the other question - I almost always use just limit buys rather than buy stops - but the reason for that is that I am not a Day Trader, but a Position Trader in the strict sense of the terms. I use real time to enter and exit, but never worry terribly about a specific ticker - using stop limits says that you want to get in above a certain point but not more than somewhat higher. I've been doing this long enough to know that if I don't get it where I want it there will always be others I can, and to go to that much effort means I should be placing the same constraints on exits. I just set my entry and exit strike prices and play the ones I get. If its already started moving that fast I wait until the selloff and rebound. With the 75 ticker watch list I generate in a 15 trading day (averaging 5/day) cycle there is usually opportunity for at least three buys a day - and I only play about 150 a year, so I can pick and choose. If one day trades though, I certainly recommend using the stop limits to ensure that you don't get taken by a fast moving stock.