My goal is to provide relevant commentary on topics of options investing, risk management and financial planning in a format that is easy to understand and thought provoking.
Friday, December 1, 2006
New Trade Alerts-Timing and Processing of Orders
All my Trade Alerts are created and emailed after trading hours during the week and on the weekends when the markets are closed. I am placing my GTC limit order for each Trade Alert at the same time each email is sent. Almost always my limit credit amount is the current bid price for the spread. Subscribers can process these Trade Alerts just like me as long as their limit order is posted by 9:30 AM EST the following day. When our orders are filled a stop loss order can be processed. These stop loss are not time sensitive but should be entered as soon as possible.
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