Originally Posted by
scambo1
Naivete', stupidity, hangover, boundless exuberance...no good reasons.
I thought about using a trailing stop on a stock that I have that has had a nice runup, but when I found out that THAT becomes a market order, I declined that too. All it would take is one blip and you're out at what could be substantially less than you intended. Naaaaaaah Cramer is absolutely right on this.. limit orders ONLY.