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Non-Tech : Interactive Brokers / Timberhill -- Ignore unavailable to you. Want to Upgrade?

To: booters who wrote (2435)	1/16/2002 7:21:37 PM
From: TFF	Respond to of 9012

Ya that's the kind of stuff the LTCM folks didn't count on either. "It can ALWAYS get worse" and of course..."NEVER say NEVER" TFF

To: booters who wrote (2435)	1/16/2002 7:51:39 PM
From: Doo	Read Replies (1) \| Respond to of 9012

LOL! I heard the same exact story recounted by the fellow who started me trading, and my very first trade was in the bellies. Thanks for sharing that experience. Puts 40 NQ point stop runs in perspective.

To: booters who wrote (2435)	1/16/2002 8:06:42 PM
From: TheStockStalker	Respond to of 9012

That is a GREAT story Boots. Thanks for sharing. Stalker

To: booters who wrote (2435)	1/18/2002 6:32:30 PM
From: the-phoenix	Respond to of 9012

>>Think it was 1/4/01. I went long a few minutes before the price spiked up over 300 points... I was lucky to be on the right side of the move but it still scared me. Realizing I could have been short and that any stop I would have had in place could have easily been filled 200 or 300 points away was a sobering experience.<< I WAS short that morning, but a twist of fate saved me. I was trading the QQQs (which you hate, and I agree with you), and had a long position with a market stop sitting with the MM at the AMEX. My stop price was not hit, and I sold the long, only to find out that the MM had filled my stop illegally. So, I was effectively short. No problem, since the market was now tanking. Then the surprise rate cut hit. However, since my stop order was filled without my stop price ever trading, I was able to get the trade broken and returned to flat. So I didn't have to eat the short. Sometimes (rarely) the Trade Gods cut you a break. :-) Phoenix