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Old 11-12-2009, 10:43 AM   #9
zdo

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Re: What Stops Do You Use with OCO Orders

john w,

Generally speaking, with mini's go with stop market... dynamically locating your stops is SO much more important than (any virtually inconsequential) occasional slippage . In normal auctions, slippage is negligible with at market stops. In a fast market, you have the options to 1 continue to apply your normal rules, 2 slide the stop order(s) out to disaster land, get up on the stick, and click in and out manually, or 3 practice never letting a stop get hit by going to market (and cancelling the live stop before it's hit)... with practice, one can actually do a lot of clicking in 1 sec ...

Remember though that the use of stops, location of stops, type of stops, etc is ultimately always individual system dependent. If you don't qualify every answer you get to these types of questions with this dependency, it can end up sorta like asking a wheat farmer how to grow ginseng and getting a wheat growing answer to a ginseng growing question... hth
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