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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: sherlockgerlach who wrote (33195)	11/25/1999 5:49:00 AM
From: RockyBalboa	Read Replies (2) \| Respond to of 108040

First you have to distinguish "executions" and getting confirmation responses from the system: The premarket (8:00 - around 9:25), and also aftermarket, from 16:00 to 20:00 is very good regarding both issues. From 9:30 to around 10:00, sometimes 10:30 or even 11:00 it is working in trade executions but there are difficulties in getting confirmations (ie orders showing "executed" status) and also cancellations of orders: The time to get a cancellation or execution confirmed and the the order status updated (in the order database) can take some minutes instead of seconds. A help is to trade "marked" shares in the first 30 minutes and also have island book and a reliable island tape running so even if the system is slow in updating the order status, it is possible to see that the order has been executed. Generally I avoid trading in the first 15 minutes, and try to enter/exit positions right before the "market" opens at 9:30. They just instituted a rule that stops must be at least one point away. Sick, especially on low priced stocks. How much % is one point for a $2, $3 stock. (I don't use stops in general, except for short positions and I can't watch them). from the bid or are rejected.