Sharechat Logo

Forum Archive Index - September 2002

Please note usage of the Forum is subject to the Terms & Conditions.

 
Messages by Date [ Next by Date Previous by Date ]
Messages by Thread [ Next by Thread Previous by Thread ]
Post to the Forum [ New message Reply to this message ]
Printable version
 

[sharechat] Setting Stops


From: "trader 100" <trader_100@hotmail.com>
Date: Wed, 18 Sep 2002 20:49:36 +0000


There have been several interesting discussions on the setting of stops on 
sharechat in the past which I have read.  However, they haven't touched on 
the practicalities of leaving stops with a broker.

Specifically, I am finding (during my paper trading) that I often get 
stopped out by an intraday movement which is reversed by the time the stock 
closes.  I know that the closing price is thought by many to be the most 
important price so theoretically one should only close out a trade if the 
closing price is going to breach a stop.  The trouble is that this would 
involve monitoring all your open positions just prior to the close each day 
to see whether you should close the position out.  To me this seems 
impractical, especially if you have 3+ positions that are all close to being 
stopped out.  The only alternative appears to be leaving an order with your 
broker all the time (which you adjust as you change your stop level), which 
means that you run the risk of being filled by an intra day movement.

I would also be keen to know whether people favour a straight limit order 
(ie sell XXX at $3.00) over an order which becomes a market sell order when 
a certain price is touched (ie sell XXX at the market if a trade has gone 
through at $3.00).

Regards,

T100.

_________________________________________________________________
Join the world’s largest e-mail service with MSN Hotmail. 
http://www.hotmail.com


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/


Replies

 
Messages by Date [ Next by Date: [sharechat] Renè Rivkin Recomended PSA oil on 2SM Sydney last night Harold J Skinner
Previous by Date: [sharechat] All Ords Chart trader 100 ]
Messages by Thread [ Next by Thread: Re: [sharechat] Setting Stops Mr Nua
Previous by Thread: Re: [sharechat] Renè Rivkin Recomended PSA oil on 2SM Sydney last night Holden Glova ]
Post to the Forum [ New message Reply to this message ]