[GCB]

	Quote:	cooter
	After? In other words, it's a bracket order? There's an internet guru/broker who says that traders should always place their stops first BEFORE placing their order. What do you think of that method of applying stops?

OSO bracket orders are almost always the way to go. But the method you describe seems next best. Strictly speaking, however, you could still get caught short. Before you enter your matching order your computer could lock. The market could then reverse, hit your stop, then reverse again, and the nightmare scenario is still possible, however less likely.