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: wave who wrote (1007)	5/2/1998 3:03:00 PM
From: steve goldman	of 2120

Wave, Most firms have a cancel and replace feature which is different that simply canceling and then entering the new order. The benefit is that you arent liable for a dupe report since the cancel/replace feature only replaces the order once you have a cancel report. I would speak to the sales supervisor at whichever firm you had the problem with,ask for a times and sales report (if you need help there, i or others on this thread shouldbe able to help), and try to get a confirm that the cancel was infact received. How much was the loss? In my experience, only losses greater than five, ten k are worth pursuing to NASD arbitration. Most firms will make good on deminimis losses. Regards, Steve@yamner.com

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