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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: cool who wrote (3880)4/26/1998 12:32:00 PM
From: Scott   of 12617
 
Can I put multiple sell, buy, sell orders in at Datek say current price: 3/4, sell limit 1
1/16, buy limit 7/8?
and sit back and watch, or must I enters the orders
real time and wait for confirmation?


You can do that, as long as you are willing to have all of them fill, and you have the funds to cover the outstanding orders.

In other words, you need to enter the orders one at a time, and wait for your each confirmation before proceeding, or risk dire consequences. Datek will improve the price they get you if the market is trading better than your order.

Keep in mind that Datek has had some serious problems the last few days, and you shouldn't count on getting fills, or even order statuses during the early hours.
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