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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Ken Wolff who wrote (1348)8/2/1998 7:35:00 PM
From: Rashid Garuba  Read Replies (1) of 2120
 
Ken,

Visited your site and have a question on entry/exits. You almost always exit with market orders. Market makers don't take advantage of this??

Also what is your experience with aon orders?? If I am long, say 10,000 shares of a stock. I want out. Volume is 200,000 so far. It's 9:50am. The high trade so far is 3000sh. If I place a 10k market sell without the aon restriction, the MM's take 1000sh, then proceed to lower the bid. I can leave the order, and let the price come back up if I feel they were trying to move me down. Or, I could have placed an aon order below the bid to get out in one go and not be involved in the MM shenanigans. Nice thread

Best
Rashid
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