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

To: Dan Duchardt who wrote (14259)	9/24/2001 6:16:07 PM
From: OZ	Read Replies (1) \| Respond to of 18137

I said: The only exception to this are marketable limit orders but most software systems make those hard to place and get filled quick enough anywhere other than the original breakout. And you replied: I think the opposite is true.....The only time I don't get filled is on a breakout when the market runs away from me I think we are both saying the same thing. What I meant to say was "anywhere up to the original breakout" and not after. I thought you would assume that is what I meant since for obvious reasons we know that it would not work after it is running away from you. All in all I would be MORE concerned if people did not use market orders because it would make things move much less. Question: Does your software have a one button (one touch) limit order that goes out at as a limit order at the current offer much like an Island IOC order or do you have to set it at or above the offer manually to send out a marketable limit order??? TIA, Oz

To: Dan Duchardt who wrote (14259)	9/24/2001 6:25:41 PM
From: TraderAlan	Read Replies (2) \| Respond to of 18137

Dan, <I know booters has had good luck with market orders> Booters and other good traders here have a plan. Many traders don't. The image that comes to mind is no different than the small retail equity trader chasing momentum. In both cases, most of this money is probably entering the market after the market orders of the smart money. Since the futures washout rate is likely higher than equities, these market orders must be chewing up many of the individuals making them. Alan