Post deleted by Mat Sklansky

[goodedesign]

[joop]

[ QUOTE ]
oh, no dif.
you could use a stop limit order but that's very rare.
I never use a stop, just because it puts in a market order. and that bothers me. no frickin market maker's getting my money without a fight at least.

[/ QUOTE ]

If there's no difference, what were you going on about in that post about the CNBC survey?

Using a limit order isn't rare at all, in fact I'd say that's what most traders use to automatically exit their trades at a loss. Whereas they generally use a market order for profit taking exits.

[goodedesign]

[joop]

No, it doesn't answer my question. You seem to keep going off on a tangent.

I asked you why you posted the results of the CNBC poll, when you agreed there is no difference between a market maker gunning for a stop order, or a limit order.

You seem to be confused, when people refer a 'stop', they are in fact referring to their 'stoploss' order. This could be either a stop-market order, or a stop-limit order. It makes no difference, at the end of the day, if you have any order resting in the market that the market makers can see - you may be asking for trouble.

This is why I don't trade markets that have market makers.

[goodedesign]

[joop]

Yes, many stop-market orders around a specific price can cause this kind of 'landslide' effect. This is why as I said in my previous post, most traders use stop-limit orders for their stoploss.

This CNBC poll still bugs me though.

[ QUOTE ]
75% of them used Market orders
25% use limit orders

of those polled...

75% of them reported consistent losses
25% of them reported consistent profits


[/ QUOTE ]

Did the poll say whether they were using market order to enter their positions, or were they referring to stoploss orders?

This poll seems to have very little validity regardless. It is kinda like saying 75% of men drive cars and of the same men polled, 75% are bald. The survey implies causation where none exists.