cowmadagan
Sergeant
- Messages
- 393
aaaaaahhhhhh!!!!!! Music Man, that's called 'straddling'....
That's actually inviting slippage and getting stopped out both ways with no position to get the profit of the movement after.
Straddling only works if you have a one way spike....I've seen some really nasty two way initial spikes, like from start up 40 and then to -40 from start. Or like this.
I understand that an OCO order is supposed to make it so that only one goes through, but...we need 8fingers over here to supply some pessimism.
That's actually inviting slippage and getting stopped out both ways with no position to get the profit of the movement after.
Straddling only works if you have a one way spike....I've seen some really nasty two way initial spikes, like from start up 40 and then to -40 from start. Or like this.
I understand that an OCO order is supposed to make it so that only one goes through, but...we need 8fingers over here to supply some pessimism.
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