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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: hubris33 who wrote (8824)	3/31/2006 7:06:27 AM
From: CommanderCricket	Read Replies (1) \| Respond to of 13449

hubris, Want to share a good story I had a few days ago with BTU. They aren't all out to screw you - lol Put a market bid in for 1k shares of BTU around 9:45 am and the execution sucked ($0.28 cents over the ask) but the stock was bouncing around so much I should have been more carefull with market orders in the first 20 minutes. As the stock almost immediately went up $1.00 after 10:00, I forgot about it. Two days later, I got a notice from Ameritrade stating the purchase went off outside of normal parameters (or something like that) and they credited my account $300 or 30 cents lower on the purchase. I was shocked but very happy with Ameritrade. Michael

To: hubris33 who wrote (8824)	4/1/2006 6:55:03 AM
From: chowder	Read Replies (1) \| Respond to of 13449

Re: Getting fills ... When I identify a chart set up, I place a market stop order immediately. The order turns into a market order at a price above the previous day's close. This gets me in line sooner than a lot of folks. Sometimes I'm waiting on a 30 minute high before placing an order, but I have a few guidelines I follow that are a part of my trading plan. I don't trade stocks that trade less than 250K shares per day. I very rarely trade an AMEX stock. My chart patterns and trading system have a higher success rate on NYSE stocks over $40 and NASDAQ stocks over $20. I limit the number of low priced stocks in my trading. I try to keep them to less than 10% of my overall trading. I don't sweat paying up if the pattern is compelling. I've shown some stocks here, that have been successful, where I had to pay 2% to 4% above my initial entry target. That's to be expected since I'm trying to identify price points where the buying shows up. My journal shows me that front running these buy points was not a successful venture. There have been many trades in the past year that came within a few cents of my buy point and reversed. I would have had a bunch of losers on my hands, instead, I have trades that did not trigger. dabum