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Strategies & Market Trends : WR's Momentum Trades

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To: K_28e who wrote (4045)2/2/1999 10:23:00 AM
From: Aaron Lee  Read Replies (5) of 11130
 
let me tell you guys my horror story this morning
i'm on suretrade
on friday i placed an order for 1000 shares at 8
it was a market order
then i tried to cancel it
did'nt think the cancel would work
sure enough the execution page came back "order cancelled"
checked my executions page and positions and
didn't own it . . .

THEN . . . HAHAHA (evil laugh)
come monday
everything fine in the morning
go to work . . .
come back online before closing bell
and . . .
HAHAHA
1000 shares in execution page for 8
i check the stock
its below 6

:(
i called suretrade and they said a market order is executed in seconds. he could'nt explain the "order cancelled" or why the delay in the execution screen . . . sold at 5 7/8

the moral to my story
learn from my mistakes people
never cancel market orders
never use suretrade
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