To: Little John who wrote (8821 ) 3/31/2006 12:59:06 AM From: hubris33 Read Replies (2) | Respond to Little John, interesting comment. I have recently had similar experiences with some of the ST trading I have been doing. I noticed that if I see a breakout chart pattern, then it seems like a bunch of other ST traders must be seeing the same thing, as once the price crosses these breakouts levels, buying just takes off and it is nearly impossible to get a limit order submitted before the market runs away from it. First thing I tried were plain stops and a few times the market ran up a bit before I got filled at substantially higher price. Then I tried stop limit orders with moderate success, though in a few cases even those got left behind. I think part of the key is to trade in only high volume stocks so that there is always liquidity around to meet the orders. {But isn't that the 'job of the market makers, insure liquidity?} Then perhaps the exchange has something to do with it as well. NYSE seems to have pretty good executions, though any stock can have periods of wild fluctuation. The AMEX is the worse, from my experience. The fills there are erratic and slow at times, so much so that I often route my orders around the AMEX to and ECN for better fills.
