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Old 01-05-2009, 11:36 AM
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Ken Ken is offline
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11:36: Sold 200 ACAS earlier (+$77 profit), still holding 100 shares from 3.92 bought long ago for swing, put in a GTC sell stop at 4.04 (it's currently at 4.18). Looks like a strong 2dh in ACAS, ascending triangle, but since COMPQ still intrarange, I'm skeptical of a continuation so likely will hold off unless significant volume comes in.

11:43 Sold back 1500 TRMP here out of 2k for small stop (-$56). Still up net $488 in it from earlier trade, so that's encouraging. Sold because it's taking out lower lows beneath the .40; will likely rebuy back in if it clears the .42 later.

11:45 bought back 100 LVS here on new 2dh at the 8.4


Strategy Note: How I'm Using Stops with IB

11:49: I like using GTC stops in IB, to automatically sell me out at market if the stock I'm in drops to a place I don't want to still be in long at. Here's a few examples from live trailing stops I just set, for example:



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