One final question... let's say a stock is at 25.00 BID and 25.03 ASK and I am going to short sell the stock. So, on my IB STOP LIMIT , what...
Well, now I think I am armed with the facts and can begin using IB stop limit orders! :) Thanks to all that replied! Mr. Toad
Ok... maybe I'm slow, but if you had a stop limit for a SELL of stock, wouldn't you want it to trigger when a particular BID price was matched?
I'm a new day trader, so you'll have to allow a little patience with me... I am seeking learned, educated comment re: the entry technique by...
I think this is exploiting some anomoly in the Datek order matching system- all I know is that is how this guy does it and it works well for him.
Thanks ddifina... that is the nugget I have been looking for! The IB manual doesn't seem to mention this anywhere... grr! Differences in...
I agree Turok, that makes sense to me... so how is this guy doing what he is doing with Datek? It sounds like Datek is matching up buy orders...
Addendum: In my example above, I am trying to SELL SHORT shares of the target stock.
I am subscribed to an online advisory service that makes chat room calls for daytrade entry and exits. They've been doing pretty good- not a...
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