A mugs game where those who pay for the service get to have the prise under a crystal clear glass! I will go back to find a post I made on this a month or so ago and will repost the salient point in that post for the newer posters to read. It makes the same point but should be a good reinforcer. Strange things indeed! The above is a response to the post that followed after I posted the Quiz Time post. Turns out it was the Kodiak forum. All the same it is a very good and informative post so I found it again and copied it for NOT forum readers to benefit. Definitive answer on visibility of your stop losses Posted by: cedartree on October 26, 2007 11:38AM In response to: Re: Looks like the MM's by cedartree I just talked to one of my brokers, and the answer is that yes, your stop loss orders are definitely visible. They are not listed in the Bid/Asks, they are listed in the "Special Term Orders", for those people who have FULL Level 2. So yes, that's like playing Texas Hold'Em except the other player can see your cards. I figure it makes sense to use them if the volume on a blue chip stock is huge (e.g. Volesoft at a billion / day or something) - in that case nobody will pay attention to your stop losses. But I get it now that putting in stop losses on a thinly traded penny stock is a mug's game. Argggh. Now I will try to locate the post I made a month or so ago. Old Joe