DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: sam who wrote (4430)	9/26/1999 11:17:00 AM
From: Dominick	Read Replies (2) of 18137

Sam: About a year ago I was showing my brother how to enter a trade and watch the bid show up on level II. I put the bid in 10 points below the best bid. I got a confirmation of a purchase. While in a state of shock and fumbling with the keys I immediately tried to sell the shares below the best offer. Too late! The phone rang, my broker-dealer said the MM wanted the trade cancelled. I offered all the same reasoning you did but to no avail. You may not know the reason why a trade was made but it is reasonable to assume everyone wants the best possible price. I feel your pain, Dominick

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