Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 199.04

+5.7%

Nov 10 3:59 PM EST

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To: snerd who wrote (1931)	12/13/1998 6:17:00 PM
From: Poet	Read Replies (1) of 56532

Hi snerd: I use Waterhouse as well and tend to agree with BANCHEE about them. Their website is slow but executions tend to be made within a reputable amount of time. One thing I suggest is NOT using a market order on a fast-moving stock, especially at the open. It's like jumping into a rain-swollen river: you don't know how far downstream you'll be when you break the surface. In the case of ASTM, for instance, if you saw that the price was declining rapidly (and you can do this by refreshing your real-time quote a few times), place a limit order to sell a bit below the current bid. So, if the bid was 3 1/8 and going down fast, place a limit order to sell at 3 1/16 and keep a close eye on it. Chances are you'll be picked up. If you place a market order in these kinds of circumstances, not only does it take much longer to get a confirm (a confirmation from your broker that the transaction has been made) but you will have been executed at the market maker's price, not your own. Poet

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