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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (17707)	3/5/1999 9:43:00 AM
From: SE	Read Replies (2) \| Respond to of 44573

Looks to me like they might try and blow the top off this thing. Which means probably a good time to short....BWDIK....I never saw this coming! Stops always get filled for me on the mini. Once the price is hit, the order becomes a market order and is filled, so to the extent it is a market order, there is slippage. CHIP - Weren't you calling for, what was it, 1275 on the SPX. I do remember reading that somewhere, was it you?

To: Chip McVickar who wrote (17707)	3/5/1999 9:50:00 AM
From: doug-e-mini	Read Replies (1) \| Respond to of 44573

Chip, I generally don't place a stop right away. Sometimes not at all, opting to pull the trigger when it feels right. I have never had a problem with stops being executed when they should be. Sometimes they are filled exactly at my stop price, sometimes there might be .25 or .50 of what you refer to as slippage. Remember, a stop order is really a market order once your stop price gets hit. If you have a sell stop working and your stop price gets hit, you're hitting the bid which could be a tic or two lower. On a very rare occasion, you might get filled a tic or two better than your stop, depending on market conditions.