i figured could tell by the decimal numbers on the ends make sure ur using limits itll cut ur losses as price will have to move in your direction to initiate the order.
Iuse limit stops for my stops, on targets I have to cancel my limit stop and then I usually just watch the bid/ask and put in my sell order since I'm using scottrade for this bet it's sometimes a pain to switch the market to limit so I just hit the sell.
thats a very inefficient system of order entry/management but if its scottrade .... you cant change that good lucky to you win some dough
I agree, but scottrade won't allow you to put a limit order in that is within .10 of the actual price, so if you are getting close to a target and it doesn't HIT the target , but you want to sell a couple of cents from it you have to cancel the limit order then go back and enter a new trade, so if I am at my computer I usually just monitor the trade (when close to a target) and use a market order. That's one reason why I really like to play high volume stocks, ETF's.
1/16/09: Not going to trade the last hour on a friday, so done for the week. 1/16/09 Total: P/L +169.85 Week ending 1/16/09 +545.97 YTD P/L: +2373.93 Have a good weekend all, will put my short hat on Tues a.m. for sure.