In the past, we’ve traded stocks priced above $1000 using ‘mechanical’ bids only. This is because entering on buy- or sell-stops could not guarantee a fill at our price. But suppose we were to allow some leeway, using stop-limit orders to get aboard? We had a chance to try this out in PCLN, which was trading for around $1724. Using sub-one-minute charts, we were able not only to get a perfect ‘read’ on the stock, but to set up trades that produced instant profits of $500 or more. See how, in explicit detail, by skipping to the final 15 minutes of this recording.
