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Strategies & Market Trends : Trading For A Living

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To: Big Dog who wrote (2)	5/20/1998 12:03:00 PM
From: RogerWillco	Read Replies (2) of 1729

Obviously, I don't know how to day trade. Here's a good example. I bought AMGV, a bb stock, yesterday afternoon based on a recommendation on Copia's thread hoping to squeeze out a few quick bucks. I got 10k shares at 9/16 and almost immediately put in a limit sell order at 19/32, hoping to make a measly 1/32 on 10k shares. The price rose above my limit price but the MM obviously ignored my order, and now I'm stuck behind the 8 ball on AMGV, which is down considerably today. Can MM's just ignore orders like that, even when trades were going slightly above my limit? I'm sure the answer is yes but would still be interested in comments or suggestions from anyone. Thanks! rw

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