SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: bdog who wrote (23519)11/27/1998 8:48:00 PM
From: bdog  Read Replies (3) of 79270
 
Schwab Warning....not everybody made $ in BAMM today.

I feel rather stupid about this but hopefully we can learn from this.

Sure, I can play this game. BAMM is moving, 23, 24 ...OK I want in. I see upside of 5 points. Market order...ask is 26 5/8. GO!

I wait a few seconds and check to see what my fill is. Still open, alright, I try again. 30 seconds. Still open. What gives? It was only a 100 shares. Market orders always fill within seconds, and once when I didn't get confirmation Schwab told me they are at whatever the market was at that point. I NEED confirmation to dump this thing!!!

12 minutes later I get filled at 15/16.... 38 and 15/16

I am stunned. Horrified. It is way over my target. I check "real time" quote...35 1/8 bid. My brain screams "EJECT!" My fingers slowly come to life and I quickly market order a sell and it fills 3 minutes later at 33 5/8.

So instead of a healthy 5 point gain I'm on the south side, again

17 minutes, 15% loss including comish,

I'm so pissed I even dumped TFCE
talk about slippage, YIKES! LOL!
bhosedog

ps e-mailed schwab a thank you note for taking me to the cleaners and I will dump them to if they do not remedy that trade ( like back it out would be nice)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News