the myth of averaging down for traders

[SunTrader]

I see you're deflecting my question. Perhaps you expected TSLA to drop some more and froze watching it gain 100% in 30 days. That's just too bad but don't worry, there's still time to get in and catch the next 100%...

You have this mental block about using stops. Stops mitigate losses going long or short.

Someday maybe.

Nah.

 

[BKR88]

how do you diversify?

Diversification isn't too difficult with >100 positions and now they have an ETF for just about ANYTHING.
It's quite often that I have both buy & sell orders fill on the same day. Seems there's always a sector moving counter to the overall market. Nat gas has been getting hit lately so adding a few names there. Gold looks to drop a bit more so will add to miners/metals.

***I wouldn't do this with futures unless with MES/MNQ like @Overnight does. That's a more capital efficient way of "investing" in the stock market compared to SPY/QQQ.

 

[hilmy83]

For exchanges supporting stop-order, "Stop loss order" are identified as "stop-order".
For exchanges not supporting stop-order, they are held and processed internally by the broker.

Not sure what you meant by "...are just market orders for them to be executed immediately", cause stop-orders have nothing to do with being immediately executed. It's totally the reverse.

What exchange supports advertising stop orders on the order book?

 

[rb7]

What exchange supports advertising stop orders on the order book?

I don't have the list, but many support native stop-order.
But supporting and advertising is not the same thing.
Usually, stop-orders are not visible to market participants until they got triggered.

 

[TheDawn]

For exchanges supporting stop-order, "Stop loss order" are identified as "stop-order".
For exchanges not supporting stop-order, they are held and processed internally by the broker.

Not sure what you meant by "...are just market orders for them to be executed immediately", cause stop-orders have nothing to do with being immediately executed. It's totally the reverse.

No I mean when the stop price is triggered, the stop-loss order would become market orders to be executed immediately cuz that's what stop-loss orders are essentially, market orders once the stop price is triggered.

So for the exchanges that do not support stop-loss orders, when the broker holds them internally on their server waiting for the stop-loss price to be triggered (hopefully never), if some MM's paid for order flow to the broker, do they see all the orders marked stop-loss? And what about hidden orders and MIT/LIT orders? Do MM's who paid for order flow see those as well?

Thanks

 

[destriero]

No, MsDawn, stop limits are broker default. From which school of cosmetology did you matriculate?

 

[SoyUnGanador]

No, MsDawn, stop limits are broker default. From which school of cosmetology did you matriculate?

Easy, you fat thing. Its not his fault you were born an overweight fatty.

 

[SoyUnGanador]

Hey TheDawn, message me if this fat thing keeps bothering you. I'll handle his manet self like I did in the other thread, send his fat self packing, claiming I blocked him as a cover. What a fake fat fraud LOL.

 

[rb7]

No I mean when the stop price is triggered, the stop-loss order would become market orders to be executed immediately cuz that's what stop-loss orders are essentially, market orders once the stop price is triggered.

So for the exchanges that do not support stop-loss orders, when the broker holds them internally on their server waiting for the stop-loss price to be triggered (hopefully never), if some MM's paid for order flow to the broker, do they see all the orders marked stop-loss? And what about hidden orders and MIT/LIT orders? Do MM's who paid for order flow see those as well?

Thanks

For stocks I don't know.

For options, that would be against the rules for MM to have a sneak peek of orders before they got released on the exchange order books. PFOF or no PFOF, it doesn't matter.

But I'm sure you'll find guys here that will say otherwise and that markets are rigged...

 

[TheDawn]

Hey TheDawn, message me if this fat thing keeps bothering you. I'll handle his manet self like I did in the other thread, send his fat self packing, claiming I blocked him as a cover. What a fake fat fraud LOL.

Thanks but I have him on "Ignore" so I don't see his s***. LOL But you can have a go at him any way you want. You have my support. Have fun!!