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Strategies & Market Trends : Trading For A Living

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To: Jim S who wrote (865)7/11/1998 3:47:00 PM
From: Char  Read Replies (1) of 1729
 
Jim

Most of my buys are placed with limit orders at the bid. A couple of times I jumped on a fast moving stock and the only way to get filled would have been a market order. I was watching EGGS yesterday and at times it was moving so fast that the bid was increasing 1/16-1/8 every 10 seconds. Hard to catch something like that without a market order if you really want to get on board. When I sell, it usually was at a SOES market order because I wanted a fast execution to lock in my profits before it started falling again. Like I said earlier, I found it hard to play the fast movers and aim to try a different tactic next week.
Dave
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