Stop entry orders - Aussie Stock Forums

Results 1 to 4 of 4
  1. #1

    Default Stop entry orders

    Just wanted to know how many people use stop orders to enter trades or if you dont use them then any opinions on them. As a beginner I am using them as a confirmation that my interpretation of the market was correct. I might miss out on a fair whack of the price move, but until I am more confident then I see them as a very valuable tool. I am also kind of scoring myself by how many of my orders get filled. If the order gets filled on the next bar (day) then I see myself as being right in my analysis. Any thoughts will be taken on board.

  2. #2
    Can be found on the bid Trembling Hand's Avatar
    Join Date
    Jun 2007

    Default Re: stop entry orders

    I would be more interested in win rate and R:R rather than if an entry triggers. If your pre conditions leads to a trigger more often than not I wouldn't wait to you have any further "confirmation" as its a complete misconception that if you wait for something to happen you have improved your chances. More often than not you have just made the R:R less favourable.
    Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? -Hunter S. Thompson

  3. #3

    Default Re: Stop entry orders

    I use them most of the time. I do my scans at the end of the day, place my orders as stop entries with limit and stop loss as if done. Gaps can be a worry if you are using a broker that doesnt offer stop-limt entries, but they arent too common. For me its far better than sitting at the screen waiting for something to happen. Sometimes it can be a couple of days before I am filled, and sometimes the stock reverses and the orders are cancelled without ever being filled.
    People Claiming To Teach Insider Secrets are Full of ....

  4. #4

    Join Date
    Jan 2009
    Gold Coast, Qld

    Default Re: Stop entry orders

    I occasionally buy on a rising stop, with added stop-loss, if I want to purchase a stock only if it pushes through a point of resistance or makes a new high for example. I also like to place my orders in the late evening, as I don't have the time or desire to sit in front of a screen all day.

Similar Threads

  1. Guaranteed Stop Loss Orders (GSLO's)
    By Captain_Chaza in forum Beginner's Lounge
    Replies: 8
    Last Post: 14th-April-2016, 02:00 PM
  2. Guaranteed stop loss orders
    By shakermaker in forum Derivatives
    Replies: 4
    Last Post: 19th-August-2011, 01:33 AM
  3. Brokers offering buy-stop orders?
    By Gringotts Bank in forum Brokers
    Replies: 6
    Last Post: 2nd-October-2010, 10:17 AM
  4. CFD stop loss orders vs. guaranteed stop loss orders
    By DesignerBud in forum Derivatives
    Replies: 14
    Last Post: 14th-May-2009, 05:53 PM
  5. Stop Buy Orders and Volume
    By disarray in forum Beginner's Lounge
    Replies: 0
    Last Post: 9th-May-2007, 12:37 PM

Tags for this Thread


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums