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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: Wizzer who wrote (2193)1/13/1999 10:13:00 PM
From: the Chief  Read Replies (2) | Respond to of 62348
 
Actually I described Stop Loss and Stop limit...two different orders. If it immediately moves up, you sell for a higher price. If not you either trade at that price or lower.

That is the point of discussion. My opinion is that the market order reverts back to the STOP on a rise of a stock above your STOP. Because the system recognizes the stop only in one direction...downward...just like the Limit order.

Let me say at this point, that this has NEVER happened to me...when the stop is hit I have been tossed and tossed at a lower or equal price. It just seems to me that if the STOP Limit order is not recognized for a second time until the stock rises above the STOP,(and not when it enters the limit area) then there must be a mechanism that recognizes the STOP the same way....or maybe not!!<gggg>

We wil probably find out that it is "brokerage descretion" which will really P*ss me off!!

the Chief