RE: [Metastockusers] EXPLORER

[<uhehs@xxxxxxxx>]

<font size=2 color=navy face=Arial
FAMILY=SANSSERIF>Yeah, I&#8217;m going to base everything on a NET number.<span
>  Mine is a $20 round trip commission, and
mentally, I plan on using stop limits as best I can.

<span
> 

<span
>Everything
else is in the hands of a higher power!

<span
> 

<span
> 

<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: JayTownsend@xxxxxxx
[mailto:JayTownsend@xxxxxxx]
Sent: Tuesday, April 15, 2003 5:46
PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: Re: [Metastockusers]
EXPLORER

<span
> 

<font size=2 color=black
face=Arial><<<font
size=2 color=navy face=Arial FAMILY=SANSSERIF>By slippage are you saying maybe
by the time the order got filled it would have been filled at say $8 or
something?<span
>>><font
color=black face=Arial FAMILY=SANSSERIF>
<span
>
If you use stops for entry or exit points, the stop price is not necessarily
your fill price.  Your actual fill is determined by the liquidity of the
market and/or the volatility at the time of the trade, and the honesty of your
broker.  If you are using a visual price tic, then from the time you
submit your order(s) to the time your order is filled is a factor, plus the
preceding.  I'm assuming you have already factored in commission.

Jay 




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