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Old 05-22-2007, 05:29 AM
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Re: trading YM & stops

I had a bad experience once when an order held at my brokers (IB) was not elected due to their communications with globex going out the split second that it was hit. It disappeared off my trading screen so I though OK all is well. about a couple of hours later I got a message saying that it had not gone. Cost a lot. Just another lesson albeit an expensive one.

Most exchanges support either a stop or a stop limit natively (some support both) - just use a stop with a large limit if its the latter.

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