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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 7 4:00 PM EST

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To: Joan Osland Graffius who wrote (45461)	4/8/2000 11:34:00 PM
From: gonzalez39	Read Replies (2) of 99985

OT Slightly off topic but while your quoting brokers here's what mine had to say about stop orders. "Finally, a word about Stop Orders and fills: As a general principle, TD Waterhouse prefers to discourage clients from entering restrictions on their orders as they greatly reduce your chance of getting a fill. Restricted orders are orders that have specific trading instructions attached to the trade such as All or None, Price Discretion or Stop Loss. These particular orders are dropped from the automated trading systems and redirected to the "terms" market where the order is manually handled by a trader. In these cases the orders are now filled on a "best efforts" basis and because of the human element of having to continually watch the markets for an opportunity to fill the order according to its instructions, the chances of being filled are greatly reduced. It is the exchange trading system that forces this manual handling, not our own systems. This is especially true of the TSE, however this also applies to other exchanges" My first post here but I'm watching and learning from all of you.

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