Go to Jeff Salisbury LWGate Home Page.From: Mike <PatternDT@SoftHome.net>
Subject: RE: [CANSLIM] Bailing out of a would-be breakout
Date: Mon, 14 Apr 2003 08:10:52 -0400
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- --=====================_89295049==_.ALT Content-Type: text/plain; charset="us-ascii"; format=flowed Datek now Ameritrade, in addition to the graphical order window has the feature; Rapid Entry. This is a command line where if you want to buy (b) 100 shares (100) of XYZ (xyz) with a stop or activation price (act) of 21 (21) and then open a trailing stop of 3% (t3%) The Rapid Order command is b 100xyz act21 t3% and the system responds with a more verbal description of the order confirming it understands. It looked to me like all of the individual commands work but not when combined as above, like when it activated it failed to open trailing stop. I haven't traded Ameritrade in 6 months and assume that was just a bug they've fixed. Might worth asking them for confirmation if the system will work the way you want it to. Mike >> At 4/14/2003 01:28 AM, you wrote: Hi Tom, You mention that you may "enter a limit buy back in the area of support in case the b/o fails". How do you protect against getting filled as the stock plummets south and keeps going. On another subject, do you know of any broker whose online trading software is powerful enough to enter a limit order when a stock reaches x, immediately put on a trailing stop of, say, 3% and increase the trailing stop to, say 5% when the stock reaches, say, 110% of your purchase price. Thanks, Harold - --=====================_89295049==_.ALT Content-Type: text/html; charset="us-ascii" <html> <tt>Datek now Ameritrade, in addition to the graphical order window has the feature; Rapid Entry. This is a command line where if you want to buy (b) 100 shares (100) of XYZ (xyz) with a stop or activation price (act) of 21 (21) and then open a trailing stop of 3% (t3%)<br> The Rapid Order command is<br> b 100xyz act21 t3%<br> and the system responds with a more verbal description of the order confirming it understands. <br><br> It looked to me like all of the individual commands work but not when combined as above, like when it activated it failed to open trailing stop. <br><br> I haven't traded Ameritrade in 6 months and assume that was just a bug they've fixed. Might worth asking them for confirmation if the system will work the way you want it to.<br><br> Mike<br><br> <br> >><br> At 4/14/2003 01:28 AM, you wrote:<br> <font face="Times New Roman, Times">Hi Tom,<br><br> You mention that you may “enter a limit buy back in the area of support in case the b/o fails”. How do you protect against getting filled as the stock plummets south and keeps going.<br><br> On another subject, do you know of any broker whose online trading software is powerful enough to enter a limit order when a stock reaches x, immediately put on a trailing stop of, </font>say, 3% and increase the trailing stop to, say 5% when the stock reaches, say, 110% of your purchase price.<br><br> <font face="Times New Roman, Times">Thanks,<br><br> Harold<br><br> <br> </font></html> - --=====================_89295049==_.ALT-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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