What is the best way to place stop orders?

[gnom]

Quote from coolweb:

probably stored on IB, only ib can see it.
200-300 shares , nobody will go run it espically if its far from the market
IB doesn't care either
so you are probably safe
any higher, simulate.

Thank you coolweb, I guess this is why pro traders don't use stops, can't place 10K stop order at the market

 

[coolweb]

Quote from gnom:

Thank you coolweb, I guess this is why pro traders don't use stops, can't place 10K stop order at the market

pro traders use stops , except its programmed on the client side, not on market exchange servers.
probably automated, doesn't cost much money to automate this pretty simple stuff

 

[cgeorgan]

Quote from coolweb:

How about paying some software programmer $500 and have him code an auto stop mechanism and save yourself from being picked off even once.
But nah
you'd rather leave your *50* position stops on the market, quite efficient

How about being a programmer *yourself*, and coding the stop mechanism, like I do?

 

[coolweb]

Quote from cgeorgan:

How about being a programmer *yourself*, and coding the stop mechanism, like I do? [/QUOTE

then whats your point about argueing about "never putting stops on the market" if you don't even do it.
Disqualified from the debate team when you were younger?

 

[cgeorgan]

Quote from coolweb:

Quote from cgeorgan:

How about being a programmer *yourself*, and coding the stop mechanism, like I do? [/QUOTE

then whats your point about argueing about "never putting stops on the market" if you don't even do it.
Disqualified from the debate team when you were younger?

Buddy, what the heck are you talking about? Did you even read my post, or were you just waiting for your turn to talk?

 

[coolweb]

I do feel pretty stupid for debating about stops.

 

[gkotopou]

Quote from gnom:

Why is it counter-productive if nobody can see my stop? I'm trying to figure out if it's visible to anyone.

Bc 'they' whomever that is, i.e. predatory algo, specialist, etc. it doesn't matter if your using tight stops more often than not they will get hit esp. +size positions.

I find this market to be less about 'price discovery' with lack of retail volume out there, and more about creating artificial volume provided by sophisticated algo's to keep the market moving back and forth, almost shark like-- so im keeping a 'mine sweep' mentality, anticipating stop running and fading range extremes.

 

[sunlounger]

Quote from coolweb:

How about paying some software programmer $500 and have him code an auto stop mechanism and save yourself from being picked off even once.

It´s not necessary to pay for a programmer. This is already done with ninja trader software. There is an option for simulated stops. It means your stops are held on your machine, not at the exchange.

 

[Index piker]

Quote from gnom:

It often feels like specialists or MM can see my stop orders (even if I place them at not "usual spots"). I trade trough IB and I usually place "stop market" smart order. Is there a way for specialist/MM to see this order or to see my ID? Should I route to ARCA or other ecn? Does anybody know where stop orders sit at IB: on their server or visible to the market?

In a way same goes with my limit orders when I want to sell at my target. What is the best way to place these? If I only show 100 shares on 1000 order who can see that?

Thank you

I think the ninja trader idea is what you are looking for, but for the life of me I don't understand why anyone would complain about a bad fill on a market order.

I mean market orders scream "screw me over and price doesn't matter I need in/out"

maybe you need a stop -limit order.