newskate
29 posts
msg #27285
- Ignore newskate |
7/9/2003 5:09:50 PM
Hi all, I looked at lowtrades and noticed "trailing stops" and "logical orders" - reading these in very interesting. Anyone have any experience with lowtrades? How about trailing stops and logical orders? It appears one could have a very low risk of making a ton of money using trailing stops / logicals, along with good searches [and lots of smart friends!!].
Stephen
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Noahedwinbeach2
135 posts
msg #27292
- Ignore Noahedwinbeach2 |
7/10/2003 12:02:11 AM
Trailing stops is the best way to go imo. I just place the stoploss at the previous days low. If a stock is moving up fast it usually never touches its previous days low or atleast doesnt fall below that. I have seen rare exceptions though. The market is unpredictable.
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Noahedwinbeach2
135 posts
msg #27293
- Ignore Noahedwinbeach2 |
7/10/2003 12:06:23 AM
Im sorry maybe you were ref. to a website? I thought you meant what is best to use and I use trailing stop losses. I wasn't sure what you were ref. to.
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newskate
29 posts
msg #27294
- Ignore newskate |
7/10/2003 3:53:48 AM
Thanks, I was asking specifically about stops and logicals I found at the website lowtrades.com. I'd like to hear thoughts on if people use that system, as you do. And also, thoughts on lowtrades, IB, and Cybertrader, sites that use that system.
Stephen
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petrolpeter
439 posts
msg #27299
- Ignore petrolpeter |
7/10/2003 1:17:20 PM
Theres a lot of choices for brokers,the one I like best is MB Trading.com.This is not a plug for any one,have no reason to do that since I do trading at home in my living room and I don't give a hoot about advertising someone or something.Just that they offer 14 different types of trade options and 1 cent/share first 500 and cheaper after that with full extended hours,so you can get in anytime when running stockfetcher filters.This makes other brokers that do not offer extended hours or trailing stops or are charging one fee for market and a higher fee for limit orders pale in comparison.
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