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starbuxsux

01/16/13 2:05 PM

#7450 RE: NoobieTrader #7447

Mission accomplished!

I set the stop to 7 just to protect myself in case anything happened and I can still walk away with profits,

Tenacious

01/16/13 2:06 PM

#7451 RE: NoobieTrader #7447

Well actually, you DID want to sell, or you wouldn't have placed the stop order. I personally stay away from that approach for just this reason.

Masala

01/16/13 2:13 PM

#7457 RE: NoobieTrader #7447

Live and learn I guess, a stop loss will not help in-case of a major dump anyways which might fill your order far below your trigger price.

lovethatgreen

01/16/13 7:02 PM

#7563 RE: NoobieTrader #7447

You do realize that market makers can see all of the sell stops up and down?