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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (8900)2/6/2001 8:24:58 AM
From: Jurgen Trautmann  Read Replies (1) of 11051
 
"Hello, Newbie! use a LIMIT ORDER!"

Hints from a loser? (guess this is old stuff for you, Steve, but anyway...)

1. win the best price:

- with f.e. "quote.com" you can continously check r/t-bid/ask* of each exchange where your contract is traded.

- trading with f.e. "Preferred" you can choose the exchange where your order will be directed to.

2. let marketmakers out: divide great positions in orders of maximum 20 contracts

- following cboe-rules a order of up to 20 contracts will be executed by their automatic system ("caes" or so)

- you don't need to wait until a marketmaker handles your order

- when your order is marketable you'll get your execution immediatly and no marketmaker has a chance to modify his pricing before

the flying dutchman

* about $24 monthly incl. exchange-fees
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