Damn...got lucky today on my stop. Guess AUTO stops are better than I thought.

Discussion in 'Trading' started by athlonmank8, Sep 28, 2007.

  1. If you don't use stops, that's no problem as long as you have discipline. IMO, if you're not using stops...you will lose money. OK, my point is across. Here's the story......

    I usually use a manual trailing stop but today I had to leave the desk for a while, so I put an auto in.. It's left at that exchange so if the system shuts down it stays in. Now I've always been biased about doing this because of the stories i've heard about them being run.

    Well, this one's a little different. Took a short on GD today @ 85.48. Left my stops inside the HOD @ 85.65.

    They ran it to 85.63 and I figured it was over. Not the case. They reversed it and ran it down a point. Was able to cover for the full one. I was amazed.

    My question is, how often does this happen? I was under the assumption that they'll just pull them if they're that close. Has this type of thing happened to anyone else? It's entirely changed my mind entirely on the whole auto stop situation so i figured i'd share.
  2. pdwst33


    you're pretty fortunate from my experiences....