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At 11:38 AM 8/13/99 -0400, Brad Rylander wrote:
>I'm a position trader, using Ameritrade. I frequently place my orders
>in the early morning with a buy stop a bit above the current close.
>
>Recently I've had several orders cancelled. Ameritrade has told me that
>buy stops must be placed above the current price and the price has moved
>above my stop before the 9:30 AM opening..
>
>Is there any way around this problem other than watching the open and
>deceiding from there?
It sounds like you are using a LIMIT order, rather than a STOP.
A regular STOP turns into a market order when the price is touched,
not so with a LIMIT order.
-Neal.
-----------------
Neal on the 'net.
Trade well. Train hard.
http://www.halcyon.com/neal/
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