daytraders: question about executing orders

Discussion in 'Order Execution' started by gabe, Apr 23, 2007.

  1. MGC67

    MGC67

    yup, scottrade is definatly a pain like that, I will be changing also.

    I didnt evan bother to find out if that was an executable action

    on their site.
     
    #11     May 1, 2007
  2. Aok

    Aok

    Gabe.

    1) Use stop limit order. Dont chase price if you're trading very short time intervals

    2) Change brokers. That 10c business is nonsense.

    I have no idea what time frame you're trading but if its one minute as in your chart, unless its a extremely liquid stock, factor in how slippage will affect your methodology.

    good luck
     
    #12     May 2, 2007
  3. mde2004

    mde2004


    1)A stop limit order will not catch the breakout so your best bet is to always use buy stops(no limits). Slippage is part of the game when you are trying to catch nice moves.
     
    #13     May 2, 2007
  4. Holy cow. IB sure has me spoiled.
     
    #14     May 2, 2007