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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Parnell who wrote (1317)11/24/1998 6:50:00 PM
From: Dave  Respond to of 90042
 
When the stock price hits your stop number, it triggers a market order to your broker to now sell or buy. The problem with a stop is that the price can run well past your stop before it gets filled.

A limit order tells your broker to sell at that exact limit. The problem with a limit order is that the price of the stock can gap over the limit leaving you holding the bag.

Both stops and limits have thier pluses and minuses.



To: Parnell who wrote (1317)11/24/1998 7:05:00 PM
From: Glenn  Respond to of 90042
 
Thanks. I didn't know you could do that on the NASDAQ.
Glenn



To: Parnell who wrote (1317)11/24/1998 9:15:00 PM
From: LoanCat  Read Replies (1) | Respond to of 90042
 
That's the best definition I have come accross! I think I may understand it now! Thanks!


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