A Simple List of General Do's & Dont's of Trading: Message Board

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Strategies & Market Trends : A Simple List of General Do's & Dont's of Trading:

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To: Pancho Villa who wrote (527)	2/8/1998 8:56:00 AM
From: Arthur Tang	Read Replies (1) of 769

Thank you, Pancho. Would you know the timing of a daytraders' limit order execution? The execution may coincide with a land slide, or a fantastic(better than nice )move, when it gets confirmed. Most limit orders on the Island limit book are way too far from striking price. Therefore, some lazy investors who are ignorant of market conditions use limit order as a tool. 1 minute interval intraday chart can show daytraders all the actions. Whether day limit or until cancelled, you entered an one way contract to your own detriment. On the other hand, inexperienced T/A people do use stop loss orders that can be suicidal. I am for informing them before they foolishly throw their money away. Margin accounts are the first sin of greed. Stop loss orders are the second sin of ignorance. Many of my friends got hurt, before I can help them.

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