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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: dealmakr who wrote (5657)	11/6/1998 8:22:00 PM
From: funk	Read Replies (2) of 12617

Wrong! <<< my cramer imitation. I am sorry, David, but you are mistaken. If you want to sell a stock you will get the bid price, your limit order will never fill if it is above the bid unless the bid comes to it. On the other hand while a stock is churning against resistance I can offer out and make a sale on the ask. So if we are both using limits at the identical price. I will get filled before you every time. And some times I will get filled and you will not and you will miss the exit. Same idea applies to buying. Sure some trades it wont make a difference, but many entries and exits will be compromised. You are experiencing slippage. You just didn't realize it. Don't shoot the messenger! good luck funk

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