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Good afternoon........
Trading INTC long today.
Placed a stop loss/sell order @ 73 13/16 @ 2:30 East Coast Time with
INTC trading @ 74 1/4.
Got stopped @ 2:56 @ 13/16. The low of the day.
Now, some 70K shares traded @ the bid price so I'm not alone. I saw a
bid/ask of 13/16-7/8 and trades cross @13/16.
I know it's a quick market but I've had stops at the bid price that were
never executed in the past.
So what's the floor procedure? Rules?
I've traded for years and I view a stop as a cost of doing business so
it's not a big deal.
None the less I was curious about what other traders felt.
I use Brown & Co. online and I'm pleased with them and have no
intentions of changing firms. I day trade off 5 min/1 min charts.
Please, no flames. Just comments.
Thanks
GWT
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