stever, stop at the close means at the close of the bar, if I
understand you. What time interval are you setting your bar to?
Thanks for the information.
No, at the close of the DAY. your stop will only be
elected if the closing price of the day is beyond your stop
level. for example, using AHD, if you have a 6.55
sell stop close only, your stop would not have been
elected at the low earlier today. only if it closes at
or below 6.55 at the end of the day. if it doesn't, you're
still alive in the trade, which at the current 6.85
price, is looking good. as I said, it's
more risky because price can end up at 6.00 and you'd be exiting
there. But on the other hand, you avoid getting taken
out during stop seeking intraday flushes and
spikes. hope that helps.
I don't think that takes the risk out either, I don't see that
there is a good option for me at this time. I've been on the phone
with the SEC for what that's worth.
If any one else wants to complain about this practice send an
email to
Title: stop at the close stever,
Screwed twice at the open
Posted by junkie on 7th of Jan 2010 at 10:44 am
stever, stop at the close means at the close of the bar, if I understand you. What time interval are you setting your bar to? Thanks for the information.
No, at the close of
Posted by steever on 7th of Jan 2010 at 11:10 am
No, at the close of the DAY. your stop will only be elected if the closing price of the day is beyond your stop level. for example, using AHD, if you have a 6.55 sell stop close only, your stop would not have been elected at the low earlier today. only if it closes at or below 6.55 at the end of the day. if it doesn't, you're still alive in the trade, which at the current 6.85 price, is looking good. as I said, it's more risky because price can end up at 6.00 and you'd be exiting there. But on the other hand, you avoid getting taken out during stop seeking intraday flushes and spikes. hope that helps.
Thanks again, I don't think that
Posted by ditch on 7th of Jan 2010 at 11:22 am
Thanks again,
I don't think that takes the risk out either, I don't see that there is a good option for me at this time. I've been on the phone with the SEC for what that's worth.
If any one else wants to complain about this practice send an email to
help@sec.gov