scrittitrader

Thanks for the great response - so I guess it's a lot like buying a stock - you have to decide how badly you want it and that determines the order type (limit, market, etc...) So getting back to my original question, what would the actual sell short order look like when you place it? For example, if the bid is 20, would I place a sell limit order just ABOVE the bid at 20.05 and wait to see if I get filled on the way up before the stock reverses? And what if I'm pretty sure the stock is already falling and I want in right away? That's where I get confused - do I simply place a sell MARKET order? (I know I need to place a Buy Stop order as well right away to protect myself in case the stock goes back up suddenly)... So can you clarify for me how to place a simple sell order (the format) and what risks I might be taking? Thanks - I'll get it eventually......

I'm curious -- when I set up an order to sell a stock short, what sort of order should I enter - a sell limit, sell stop, etc. I've read that I should place a sell limit order just above the bid - which makes sense in theory, but what if I don't want to risk missing the move down ? Can't I just by at the bid (Market order?) What's the risk here? So - can someone tell me how they execute a short sell trade (both entry and exit(s) and give a clear example of how you set up the actual trade on your stock platform? Thanks!

Hi folks - I am reading Micro-Trend Trading and am really enjoying the book. If anyone else has read it, can you help me out? I have a question about setting up screening for volatility from page 47 of the book. As an example I'll select the Overnight Trading system. I am using finviz.com. When I set up finviz to use the screening parameters in Thomas Carr's book on page 201 for longs, do I additionally need to include the screening parameters on page 47 as well (Beta > 2.0, Price > $20, Avg Volume > 1 million), or is that information already included in the screening instructions on page 201 for the Overnight Trading system? And is this the case for all 8 systems? Just trying to clear up the confusion on my end. Thanks so much!