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Don't be so sure that you will get stopped out within a few ticks in
this market. I just got stopped out of my short position in the Dec
Tbond at 113.25, when my stop was at 113.10 this morning at 0732CDT. I
have been over the time and sales tape several times and it looks like
a good(??) fill.
I still believe, and encourage all to use STOPS on ALL trades!
Ed Hanley
Woodmaster wrote:
> ADB Trdr wrote:
>
> > RTs:
> >
> > I would like to hear from all RTs that trade Bonds
> > as to your experience with slippage on your
> > entry and/or exit orders using stops.
>
> Dear Kirk:
>
> This is a delayed reply due to my travel, but I'll add my two cents
> worth. I trade an intraday mechanical system for the bond, and the
> system requires a stop. My experience has been that the stop, when
> elected, goes off at the stop price, almost every time. Worst case
> is
> one tick away. I have attributed the efficiency to my broker's pit
> operations, although maybe the bond market is just that liquid!
>
> Jim Oliver
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