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

To: Fredman who wrote (5189)11/4/1998 11:24:00 PM
From: Cyrus  Read Replies (1) | Respond to of 7247
 
Thanks Fred
I have heard of full service brokers initiating a trade if they happen to be watching at a predetermined level, not a true stop loss. I was told that the Nasdaq does not allow them, a contradiction to some of the posts I have read. Since we are on the topic of Brokers I thought I would put it out there as it is a handy tool



To: Fredman who wrote (5189)11/5/1998 10:34:00 AM
From: Olu Emuleomo  Read Replies (1) | 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.

Off course they do. Ameritrade allows all kinds of trades. Stop loss, stop loss limit, buy stop, buy stop limit etc.. etc...
Check their Intermediate or Advanced trading screen.

--Olu E.


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