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32counter
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Thanks for the help on this board. I have learned a lot. Here is probably a very simple question. I have an etrade account. If I want to put a trailing stop in case a stock that is running turns do I use stop limit, or stop. Can somebody please explain the mechanics so I don,t place a sell order and have the mm's come back and take 12 percent from me. Any suggestions relating to this topic would also be appreciated.

Thanks again

Posts: 49 | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
10of13
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Welcome ...I personally dont use this feature...It has been said...and I tend to agree, that the MM's are able to "see this" and will bring the price down, if they need or want those shares, and take them right away...
so I use a mental stop so to speak...there are traders that do utilize this feature...and I am sure the will also post...
You can also do a search for the info...I know that it has been discussed before...in other threads...
try this...
http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/ f/9/t/001531.html?

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/ f/9/t/000904.html?
good luck!

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#1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!

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kermit42
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I considered using trailing stops for a while but concluded, like 10of13, that they're not appropriate for pinks.

Too volatile--what sort of stop would protect your capital yet not eject you at the first shake? Like it or not, those backtracking moments in the run are gut-check time. And your computer has no guts.

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Me Trade Pretty One Day.

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32counter
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Thanks fellas, I agree with what you are saying. My sister in law lost a substantial amount when the mm came back and bought and immediately went back to the price. I made great gains in NLST yesterday and gave them all back today when CHRIS fizzled overnight. Should have been around in the morning I guess. Thanks for the edvice

32

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