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Non-Tech : MB TRADING

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To: bobsrb who wrote (1208)	9/11/1998 2:54:00 PM
From: funk	of 7382

The short answer is... that guy is full of hot air. But I also will tell you, that I have never used a market order with MB Trading. Not even once. I will concede that there has been a few times I probably would have been better off to use a market order. A limit order can take time to fill if it is away from the inside market, but a market order should be lightening fast. Unfortunately, market orders can be taken advantage of as yours clearly was. Especially if you place a market order before the bell. Gawd I did that ONCE a year ago when I was using scottsdale. I learned my lesson! ouch even. What is very good about this trading system is the amount of transparency and access you get to the market. Especially with the NASDAQ stocks, you can see exactly where your order sits in relation to the inside market. Yes you can still get squeezed and it takes some learning, but if you put the time into it you end up getting the best executions one could ever hope for. While it is true there are a few times that a market order may be proper... I intend to live out the rest of my life with out using one. Everyone has their own style, but that's mine. Hope that helps. I am starting the weekend early. The market is tough to trade today. funk good luck have a good weekend

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