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Strategies & Market Trends : The picks
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To: Patrick Slevin who wrote (4982)2/13/1997 8:13:00 PM
From: Dave Triplett   of 6124
 
To All:
Why do all the books tell me to use LIMIT orders. I've tried that at schwab and the limit orders are seldom hit. The faster the stock movement the less limits are put through. On the other hand my market orders are very quick (within 30 seconds) most of the time. If you trade in a fast market you are at a disadvantage. I put in a market this morning on sycr thinking a limit would be of little value with the stock ready to explode upward. So what happens?...that stinking little market order just sat there for the longest time, then I said to myself - enough is enough and quickly put in a cancel order. Of corse you know what happened...the cancel order just sat there till the market order filled at almost the high of the day. No don't try and sell me a bridge I have plenty of those right now.

Just a note for those of you like me who are learning-THE HARD WAY.
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