What is the best way to place stop orders?

Thank you coolweb, I guess this is why pro traders don't use stops, can't place 10K stop order at the market

 

pro traders use stops , except its programmed on the client side, not on market exchange servers.
probably automated, doesn't cost much money to automate this pretty simple stuff

 

How about being a programmer *yourself*, and coding the stop mechanism, like I do?

 

I do feel pretty stupid for debating about stops.

 

Bc 'they' whomever that is, i.e. predatory algo, specialist, etc. it doesn't matter if your using tight stops more often than not they will get hit esp. +size positions.

I find this market to be less about 'price discovery' with lack of retail volume out there, and more about creating artificial volume provided by sophisticated algo's to keep the market moving back and forth, almost shark like-- so im keeping a 'mine sweep' mentality, anticipating stop running and fading range extremes.

 

It´s not necessary to pay for a programmer. This is already done with ninja trader software. There is an option for simulated stops. It means your stops are held on your machine, not at the exchange.

 

I think the ninja trader idea is what you are looking for, but for the life of me I don't understand why anyone would complain about a bad fill on a market order.

I mean market orders scream "screw me over and price doesn't matter I need in/out"

maybe you need a stop -limit order.