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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: Chad Barrett who wrote (28421)1/8/2000 3:42:00 PM
From: hx4  Read Replies (4) | Respond to of 62348
 
My trades usually take 3-5 minutes with Investorline.

I don't trade as much as the folks here, but compared to some of the problems I've read about,Investorline seems one of the better brokers.

Having said that, on Fri I had to sell a stock to pick up more MCF. The sell took 10min to execute and the MCF buy 10 as well. The delay cost me .30 per share. The worst part was thinking I'd have to run 1000kph to catch it.

I've also noticed it does take a lot less time for a change order.

I'm guessing but it may be they are ironing the bugs out of their encryption software.

Take care
Harry



To: Chad Barrett who wrote (28421)1/8/2000 10:29:00 PM
From: New Economy  Read Replies (1) | Respond to of 62348
 
Attention all lurkers ! ! ! * * * Never do this on-line:
<I should also point out that I have been doing mostly market trades lately... so that probably is contributing to the faster trade execution of under a minute. I think they give market orders priority or something>
Market orders are like writing a check to market makers. In fast moving markets it is the riskiest move. You end up getting filled at the high of the day depending on when you put your buy in. I welcome comments from the thread on the new Market Order regulation change for the TSE. The Chief mentioned something about this a while back and how a market order may take longer than a limit order for TSE related securities.