Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG 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.

Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: No Mo Mo who wrote (14434)	1/31/2010 2:21:42 AM
From: hubris33	1 Recommendation Read Replies (3) of 48092

I still think, over all, one is better served using the resources that traders use... such that one has direct access to the TSX and/or TSX-V with a full range of order tools. Interactive Brokers MB Trading But hey, if one wants "slippage" have at it! Schwab and TD AmeriTrade are problematic with the pinks: the broker that clears for them often gets traded around or is slow posting to a MM broker. This happened to me alot when I "guessed" what price at which I shoud place my limit order or used "out of the money" (OOTM) limit orders. Best bet is to get a RT feed prices from TSX (bid/ask) and for the USD/Loonie (ask/bid) cross, multiply them out to get a target price. If one enters a buy order with TSX ask x USD/Loonie bid one will usually get filled right away. In my experience, limit orders (out of the money) are often traded around or ignored unless the market moves way past them and the MM looks back and decides to execute your order at face value and pocket the difference - and hey, it's the Pinksheets, so "anything goes!" Can't tell you how many times I had to call CyberTrader, Schwab & TDAmeritrade international desks to get them to execute an old, previously OOTM limit order that was now ITM by a nickle, dime or even two-bits. However, trading directly on the TSX and TSX-V with IB allows me to buy directly, participate in the "local" liquidity, scale the orders as to not dump a 10K or 20K order on a thin market all at once and to use bracket orders (concurrent targets (limit order) and stops) to limit risk & lock in profits. JMHO, fwiw. Good luck! H3

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next