Traders Laboratory - View Single Post - Down with Mental Stops
View Single Post
  #10 (permalink)  
Old 09-07-2007, 07:52 AM
TRex TRex is offline
TRex has no status.
Banned

 
Join Date: Aug 2007
Posts: 20
Thanks: 0
Thanked 0 Times in 0 Posts
Re: Down with Mental Stops

Quote:
View Post
So what you are saying is that you will have a hard stop on your dom, assuming that's a market order, and if another signal is possibly forming, you'll pull that 'hard' stop in case another signal appears? What I am saying is that if your hard stop is at 1500 and price is approaching 1500, it could very well tip 1500 before another signal would appear.

Point being that calling something a 'hard' stop when it can be moved or overridden is not a hard stop. That's more of a fluffy, soft stop.
That's not what I'm saying at all. In the instance you described, there is no hard stop on the DOM. However, there is an order at the next entry price.

Reply With Quote