Jimbob,
You said,
"rrochon, GTC stop orders are executed if the stock trades below the price you specify. Since you entered the orders with a price higher than the current selling price of the stock the orders were executed. I believe you wanted to sell if the price reached those levels and if that is the case you would want to use a Sell Limit Order"
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Yes, thats what IB told me when I asked why the trades had been executed when my stop price had never been reached.
But if I set a limit order it will not be executed if the price gaps up past my limit price. This would be ok, because I could sell at a higher price than I planned, but what if it hit my limit price, but dropped back down before my order could be executed. It would not sell.
So, how is everyone else on this board setting their sell or buy prices?
Dick
