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Technology Stocks : Track Data Corporation TRAC

TRAC 20.00

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Oct 7 10:48 AM EST

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To: Investor Clouseau who wrote (519)	11/19/1999 2:24:00 PM
From: AJ Berger	Read Replies (2) of 2005

That's a Common Online Investment Mistake. that's why you should ALWAYS use limit orders, cause when you put in a market order, you can't reliably cancel it with any OLB. always put in a limit order, then if you don't want the order to execute, change the limit order to a crazy price that will never go off. you won't get the stock, and your Day trade order will be gone by the next day. (If you ever want to 'simulate' a market order with a limit order, just put in your price outside the current bid/ask so it's sure to go off.) With OLB's it's much more reliable to change a limit order, than to cancel a market order, and this is true of any OLB, not just MyTrack. Your experience is why I continue to use DLJDirect instead of MyTrack. Until TRAC becomes it's own brokerage, I don't trust their ability to impliment/relay order changes fast enough.

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