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

To: Mr. Oil who wrote (7456)	4/18/1999 5:44:00 PM
From: the Chief	Respond to of 62348

Yes! But "playing the odds" on a flush with such a large limit, you will get filled within the first 30-40c below 19.50. With a tight stop, on the flush, you get dumped into the "market sell hopper" quicker, thereby ensuring a quicker bail...but if the limit is to tight ie. Stop $19.50 limit $19.30 By the time you get loaded into the market sell hopper, the stock may have blown past your limit and you end up holding the paper. Once the stock passes $18.00 southward, you are no longer a market order! Debate can be "mustered" on boths sides of the fence. If you place a limit and the stock falls to $12.00, and it didnt sell, you have lost alot of money. Much like the "good and bad" associated with a stop. I find the limit is more useful than Not! the Chief