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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Cyrus who wrote (5177)	11/4/1998 11:17:00 PM
From: Tim Luke	Read Replies (1) \| Respond to of 7247

<does MB allow stop losses?> i don't know yet, i'm hoping to meet with ross at MB and get the whole low down and i will give a full report back to the thread.....

To: Cyrus who wrote (5177)	11/4/1998 11:19:00 PM
From: Fredman	Read Replies (2) \| Respond to of 7247

FWIW - Ameritrade does not do this either. I don't think it's the broker, i think it's the market the stock is traded on.

To: Cyrus who wrote (5177)	11/5/1998 8:03:00 AM
From: Ron	Read Replies (1) \| Respond to of 7247

Cyrus, the problem with placing a stop loss on NASDAQ, is that the greedy MM's will just reach down and take your stock out at the low ask price, then bounce back up. I've seen them do it. About the only way to do stops on the NASDAQ is keep the stop price mental and watch it..or write it down. A few folks have full service brokers who will ride herd over their stocks..but you can't rely on them when the market's plunging..they are too busy. If you want to place stops and then forget about the stock..play listed stocks. My take on it..based on Experience University...a great school...