Stops at Genesis

ksonsinc · Dec 4, 2005

i think not having stops is very scary
if i brought INTC at 27 and i put a limit stop to 26.90 just in case the stock slide down like 0.20 i know that i will be sold out at 26.90
Hope this example is correct

Sashe · Dec 4, 2005

I heard there were some Excel programs out there with programmable stops features that hook up to the Laser platform.
If anybody using it, please post how to get it.
Tia.

BrownianMotion · Dec 5, 2005

Excel programs run on your PC (client) while server-side stops run on machines that sit right beside the execution servers.

The speed disadvantage of client-side stops will cost you enormously (in slippage) over the course of a year if you do any kind of volume.

GTC · Dec 5, 2005

ksonsinc, Your example is not necessarily correct. Your stocks will not necessarily be sold out exactly at the stop price.

areyoukidding? · Dec 5, 2005

Quote from EricP:

If I had to guess, I'd say that stop orders are most frequently needed and used by lower activity traders, the type that needs to place a stop loss order and leave the computer for hours at a time. Genesis caters to the much more active traders, for whom stop orders are not an important feature.

so stops arent important?! for those who trade more than one stock scalping i think they are very important.

areyoukidding? · Dec 5, 2005

once again, the lack of stop cost me.

Nana Trader · Dec 5, 2005

Quote from ksonsinc:

i think not having stops is very scary
if i brought INTC at 27 and i put a limit stop to 26.90 just in case the stock slide down like 0.20 i know that i will be sold out at 26.90
Hope this example is correct

When there is slippage like that, you have to place market
stops.

In your example, if price don't retrace back, your stop never
get filled, and cost you hell of lost money

ChitownECHO · Dec 5, 2005

Quote from OptionScreen:

Can someone name few brokers with server-side
(i mean seating on exchange) stops?

ECHO has them. I rarely use them, but it's there if you need it.

BrownianMotion · Dec 5, 2005

Quote from areyoukidding?:

amazingly they dont care either.

I guess your right given that they haven't responded or PM'd.

It isn't like Serge Pustelnik doesn't read these boards.

EricP · Dec 5, 2005

Quote from BrownianMotion:

I guess your right given that they haven't responded or PM'd.

It isn't like Serge Pustelnik doesn't read these boards.

You must really be desperate to join Genesis. Only an ET member for less than three weeks, and already you have posted a question about Genesis server side stops on three different threads. Maybe they are just not a good fit for you, huh?

You might post yourself a reminder on your calendar for a few weeks from now => rumor has it that Genesis does not have server side stops... no need to ask a fourth and fifth time later this month on other threads. :-)

Just curious, though, what are your other nicks? Or should I search "server side stops Genesis" to find out? LOL Give it a rest already.

P.S. I think the word you are looking for is <i>you're</i> not <i>your</i>