Any general rule of thumb or suggestions when placing a stop
limit order on how large a spread to use when placing a stop limit
buy order (assuming you are buying the breakout)? For stocks
under $10.00/share I generally use $0.05, then bump it up to $0.10
for stocks $10.00-$20.00/share., etc. Is that too tight a
range?
I set the stop and limit to the same price I want to enter for
the breakout. Even that tight didn't get me into PUBM this
morning. Matt and Steve are the experts, of course. I
am still in the "plan tweaking" phase.......
regarding the limit - try to observe the average spread between
bid/ask - placing it right at the stop rice unless the spread is a
penny you might not get filled
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Any general rule of thumb
PUBM busted out of that coil
Posted by RichieD on 30th of Nov 2021 at 10:15 am
Any general rule of thumb or suggestions when placing a stop limit order on how large a spread to use when placing a stop limit buy order (assuming you are buying the breakout)? For stocks under $10.00/share I generally use $0.05, then bump it up to $0.10 for stocks $10.00-$20.00/share., etc. Is that too tight a range?
I set the stop and
Posted by Ray on 30th of Nov 2021 at 10:20 am
I set the stop and limit to the same price I want to enter for the breakout. Even that tight didn't get me into PUBM this morning. Matt and Steve are the experts, of course. I am still in the "plan tweaking" phase.......
regarding the limit - try
Posted by matt on 30th of Nov 2021 at 10:28 am
regarding the limit - try to observe the average spread between bid/ask - placing it right at the stop rice unless the spread is a penny you might not get filled