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Re: Cancel/Replace



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In a message dated 98-05-08 13:38:55 EDT, Gw.Gautier@xxxxxxxxxx writes:

<<<<<<< Tim and Lynn Lee wrote:
> My advice:  Do not cancel replace an order.  My own tally shows that
> over 90% of these orders would have been fine if left alone. >>>>>>


Dear experienced RTs:

Please excuse me and correct me if I am wrong-- 
Don't we Cancel & Replace Orders a lot when we use trailing-stops
to lock-in and maximize profits during trade exits?
I would say that happens to more than 10% of the orders.

William