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Trevor
When your stop order trades through your stop your order is converted to a
market order and executed at the best price at that time. The stop order
won't protect you from gap openings.
Regards
John Manasco
----- Original Message -----
From: De Vries, Trevor <Trevor.DeVries@xxxxxxxxxx>
To: Realtraders (E-mail) <RealTraders@xxxxxxxxxxxx>
Sent: Tuesday, September 07, 1999 8:54 AM
Subject: Equities: orders
> R'Ters
>
> If I place a buy/sell stop order with Datek marked 'Good till cancelled',
> what will happen if say the next day the stock gaps up/down at the open.
> Will my stop be executed, or does the market have to 'trade through' my
stop
> price.
> I'm trying to protect myself by placing stop orders on their system.
> Any input appreciated.
>
> Regards
>
>
> Trevor De Vries
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