|
PureBytes Links
Trading Reference Links
|
As I have not had the opportunity to visit any trading floors I simply am
reporting on what I have found out over years of trading and reading about
trading. Those who run stops are most often floor traders and other large
traders.
>From the Futures Magazine October '95 article titled CAN YOU BEAT THE PITS
by Mark Etzkorn "Locals routinely go stop hunting". The entire article is
about now to compete with the pit traders and talks in detail about how the
pits work. I recomend it to every trader. Unfortunatly, I have no way to
post it. You should know what you are up against. I have even read that at
some Exchanges floor traders can actually find out where stops are resting.
After losing a sizeable amount of my trading account I knew that I could no
longer trade using stops but using no form of protection was as bad because
losses were sometimes in the thousands. Thats when I began using options and
it has made all the difference in my trading. Nuff said.
Brent
-----Original Message-----
From: Ron Warshawsky <rwarsh@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, May 06, 1999 10:15 PM
Subject: Re: Stops/Michael
>
>Brent,
>
> Can you please, if you have this information, describe in better
details
>who are the stop runners and what methods they are using to get trader's
>stops?
>
>Thanks,
> Ron Warshawsky
|