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Pastimes : Rules We Can Learn From

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To: Dusty who wrote (96)	5/6/1998 12:58:00 AM
From: Jeff Sutton	Read Replies (1) of 109

Rule: Be careful with you orders! I've violated this rule more often than I've cared to. Much confusion possible when you are entering the various combinations of Buy/Sell orders (Limit, Stop Market, Stop Limit). Just when I thought I had it down pat, today I entered a Buy Stop Market order when the current price was below my stop. I should have entered a Stop Limit order; instead, I got filled immediately about 3/16 higher than I intended. But this is mild compared to some of my previous mistakes. I've lost too much money in the past due to stupid order-entry mistakes. Check your order carefully before you send your order. Good trading, all!

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