myTrack service from Track Data Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : myTrack service from Track Data

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: PEWD who wrote (205)	1/8/2000 12:54:00 PM
From: wmwmw	Read Replies (3) of 571

The major flaw in mytrack trading is you can't cancel a marketable order. When trading fast moving stocks, I always place buy at ask and sell at bid. When orders are sent to ISLD or NITE, they usually get fills in a few seconds. But if orders are sent to Herzog, and they are buy at ask (or sell at bid), while the stock are moving down(or moving up), I will not get a fill for about 30 minutes, during this period I always desperately try to cancel but not allowed, try to call trading desk but never get through. Then after 30 minutes I will get a fill at the price 30 minutes ago(higher price for buy or lower price for sell) which are significantly away from the current prices. But if the stocks are going your direction, that when I buy they are moving up, or I sell they moving down, I will not get fills until the stocks move past me and my orders are no longer marketable, at this time my cancel will immediately get through - this is best results I can expect if orders are sent to Herzog. In the past days I experienced this situation too many times, with no exception. And this makes trading too dangerous at mytrack. I like mytrack's other features but I am forced to consider changing to another firm.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next