daytrading for dummies, page-29

  1. 1,786 Posts.
    Thanks for continuing to entertain my convoluted thought process.

    So then the only thing to scupper the plan is a decent fall in the US or bad company news and it jumps down 10% and you have to cop that? eTrade has a price limit option on the stop order where you say what the minimum you will accept for the SP is. ie You set the stop at 95c, SP drops to 90 in one hit. Sell at 90c regardless or is there a limit? IMO you want out at any price, and if it bounces you buy back in. Too bad if you're having a surf when it tanks, get stopped out and then it recovers.
 
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