Axim Biotechnologies Inc (AXIM)

[Tiresias]

Stop limit orders cannot be seen by market makers. To trigger stop losses a market maker would have to calculate the volume at price. The stop order only becomes visible when the price is hit, not before. Once the price is hit the stop order, if the price moves lower (or higher in a short position) becomes a market order unless one uses a stop limit order, then the trade may only be partially filled before expiring. There is a myth market makers can see stop limit orders-they are kept in a what is called a blind book which then becomes visible when the price for the stop triggers the order. Using stop limit orders is important. If AXIM drops to .20 then sell but stop selling if the price drops to .18. Most traders use only stop loss orders. Using market orders at the open or close will cause gaps.