|
PureBytes Links
Trading Reference Links
|
Troutman, Defender of Sticks wrote:
You're right: a simple stop order does become a market order when
> the market trades at the designated price. You WILL get filled on a
> stop, either at the time the market trades there or after you have
> somebody find and fix the mistake. The fill may not be pleasant, but
> it should always exist.
>
TO: Troutman, Defender of Sticks
As a matter of fact the stops I was referring to were just plain, simple
stops, two of which occurred in the December Eurodollar market and the
other in the May Sugar Market. Unbelievably, all three worked to my
favor.
Based on what you've said, however, I will in the future be asking for
these kinds of mistakes to be corrected immediately because I'm sure
that they usually work to the floor's advantage - yes?
PETE
|