Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Ron who wrote (554)	2/22/1998 1:45:00 AM
From: G.F.	Read Replies (1) of 2120

Ron, that situation sounds very similar to what happened to me with Discovery. I had put in a short limit order and was sure it had cleared, was less certain but almost sure I had checked my confirmation online and had seen the fill. I then went on to cover and purchased the stock. It continued down. I went back to check the fill on the cover and notice the short sale was not listed. In a panic I called in to sell the stock at a loss. I discussed the situation with a broker and she convinced me that it had been my mistake. I kept thinking how could I have missed that fill, it was trading at my limit price for several minutes. I am going to go back and look at this again, because the next day they changed the software online to have a specific execution button labeled "buy to cover" which they had removed when they revamped their web site. I think they ripped me off and by the way I closed the account! I do not recommend them for any active trading account. GF

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