Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Ruyi who wrote (41552)	9/7/2000 4:50:36 PM
From: Joe Veres	Read Replies (1) of 62347

Greenline processes stop sells and stop buys on a MANUAL basis. That is, they have to have someone manually enter the order to the trading floor and depending on how busy the orders are, it can take a fair bit of time to fill the order. Nasdaq and NYSE stop buys and sells are entered electronically and will trigger in succession when the price objective comes up on either the bid or offer. It is much safer to place a market order for a TSE listed stock (with limits, if desired) than a buy of sell STOP ORDER. Before, Waterhouse explained their system to me, I once waited 40 minutes for my sell stop order to execute, while I watched my 2 point profit turn into a 5 point loss when they finally filled the order. Needless to say, I was somewhat choked.....

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