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

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To: Arthur Tang who wrote (570)3/7/1998 4:30:00 PM
From: JEFF A. KEHL  Read Replies (1) of 769
 
I have been told never to enter a market order when the market is closed because the price of the stock will be driven up when the market first opens by the pent up demand from the period in which the market was closed. Do you agree with this? Are market orders served on a first come first served basis? i.e. if my broker gets my market order in first is it the first executed? I've noticed that I have better luck with market orders entered the night before than with market orders entered in the morning.

I've also heard that in general you should buy on Monday and sell on Fridays because there are more buyers Monday morning after people have had time to consider a purchase and more selling Friday as people lock in their profits before the weekend. Do you agree with this? It's kind of hard for me to put in a buy order for Monday after the big runup on Friday.

Thanks for your input.
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