This is a sample entry from Tom Dosdall’s email newsletter, Dosdall Daily Edge, published on February 14, 2013.
Bonds have taken a beating dating back all the way to Thanksgiving. Many of our fundamental analysts argue that the market is still in an overall downtrend but I argue that there are corrective moves in the short term as well that provide opportunities to go for a ride.
I like having a BUY order in place right now and an initial stop at 142-14:
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STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.
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