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Profile: larryfoy
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User Name: larryfoy
Groups: Gold User, Member, TeleChart
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Joined: Friday, August 25, 2006
Last Visit: Saturday, October 14, 2006 2:44:11 PM
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Topic: TechniTrader trading course
Posted: Monday, October 09, 2006 2:13:23 PM
I’m currently taking the TechniTrader course and am in the paper trading phase. I would like to hear from anyone else out that is using or has tried the TechniTrader system. Thanks
Topic: Rookie Question regarding Market Orders
Posted: Monday, October 09, 2006 2:00:14 PM
I’m currently taking the Technitrader course and am in the paper trading phase. The type of order they are talking about is the “buy, stop, limit” with an Order Submits Order (OSO) for a stop loss. The order is submitted after hours for execution at the open of the next trading day. An online Broker that handles that kind of trade is myTrack.com. Example: The stock I want to buy closes for the day with a high of $50. The order says, buy if the stock goes above the high plus ¼ point ($50.25), but limit the order to 3/8 of a point above that ($50.635). That is, if the stock shoots up at market open above $50.635 before my order can be processed, don’t buy. If the stock stays within the limits I have set and the buy is executed, then immediately enter (OSO) a stop loss at the price I’ve specified (say, $48.50).

I would like to hear from anyone else out that is using or has tried the TechniTrader system. Thanks