daytraders: question about executing orders

yup, scottrade is definatly a pain like that, I will be changing also.

I didnt evan bother to find out if that was an executable action

on their site.
 
Gabe.

1) Use stop limit order. Dont chase price if you're trading very short time intervals

2) Change brokers. That 10c business is nonsense.

I have no idea what time frame you're trading but if its one minute as in your chart, unless its a extremely liquid stock, factor in how slippage will affect your methodology.

good luck
 
Quote from Aok:

Gabe.

1) Use stop limit order. Dont chase price if you're trading very short time intervals

2) Change brokers. That 10c business is nonsense.

I have no idea what time frame you're trading but if its one minute as in your chart, unless its a extremely liquid stock, factor in how slippage will affect your methodology.

good luck
More...


1)A stop limit order will not catch the breakout so your best bet is to always use buy stops(no limits). Slippage is part of the game when you are trying to catch nice moves.
 
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