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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Quixote who wrote (8454)	5/14/2000 12:06:00 PM
From: rongto	Read Replies (1) \| Respond to of 18137

I do trade the QQQ's thru AB Watley. For some reason limit orders can take up anywhere from 1 to 2 minutes, while market orders usually are around 15 seconds and are usually within the bid/ask range. Ron

To: Quixote who wrote (8454)	5/14/2000 12:53:00 PM
From: Brandon	Read Replies (1) \| Respond to of 18137

Orders seem to move slower on the AMEX for whatever reason. Its first come first served so when you enter an order there you could be behind several other oders that need to be matched before they get to yours. Brandon

To: Quixote who wrote (8454)	5/14/2000 5:14:00 PM
From: OZ	Respond to of 18137

Depends on the orders that you are using. Since they are listed and traded on a specialist system, the following applies: Market Orders get priority (by the rules) over limit orders and always get filled the fastest. Limit Orders placed at the offer are going to be slower and may not even execute (though they usually do). Limit Orders trying to split the spread and get price improvement are going to be the slowest and least likely to get filled. Market Orders on listed stocks are not nearly the same as (evil as) market orders to MM's on the NAS. Friends of mine use them exclusively on listed stocks and get fills from 5000 to 10,000 shares at the current quote (or better). I frequently use limit orders on listed stocks to buy at the bid and sell at the ask. But to do this, I have to buy on a pullback and sell into a rally. OZ