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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts
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To: MoneyBaggs who wrote (11388)2/2/1999 7:15:00 PM
From: Rick D.  Read Replies (1) of 25711
 
MoneyBaggs,

I think they were talking about buy orders. According to them, you can't place a limit order to buy at a price that is more or less than 20% from the PREVIOUS day's close. This makes it virtually impossible to trade fast movers using limit orders, forcing you to use market orders. Tough way to trade.

Have you been able to use limit buy orders in such situations?? Thanks again.

Rick
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