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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Ron who wrote (554)	2/20/1998 12:38:00 PM
From: Ken Wolff	Read Replies (5) \| Respond to of 2120

Ron, In my book I have several items I call the "Golden Rules Of Trading". One of them is write down exactly what time you placed your trade. This might help you....first write down exactly who and when you talked to at your brokers office about this matter. Next demand to see a copy of the tape. This normally gets peoples attention. Then, for sure, file a trade inquiry. You next step is to go to the SEC and file a complaint, but be sure to tell your broker you plan to do so. Arbitration is the next step.... if you are in the right you will most likely win, if you can prove it.... Some in my trading room have taken it to that step and have won. Good Luck Ken mtrader.com

To: Ron who wrote (554)	2/20/1998 1:48:00 PM
From: Satyr	Read Replies (2) \| Respond to of 2120

I'm sorry I'm missing something here. You placed an order to buy 900 and was filled. You placed and order to sell 900 and was filled. You placed an order to buy 900 again and was filled. You then had your original purchase and sale canceled. Etrade gave you the profit you would of had from the purchase and sale. So what does that have to do with your second purchase?? You own that. you bought it and it went down. why should they take that trade off your hands??

To: Ron who wrote (554)	2/22/1998 1:45:00 AM
From: G.F.	Read Replies (1) \| Respond to of 2120

Ron, that situation sounds very similar to what happened to me with Discovery. I had put in a short limit order and was sure it had cleared, was less certain but almost sure I had checked my confirmation online and had seen the fill. I then went on to cover and purchased the stock. It continued down. I went back to check the fill on the cover and notice the short sale was not listed. In a panic I called in to sell the stock at a loss. I discussed the situation with a broker and she convinced me that it had been my mistake. I kept thinking how could I have missed that fill, it was trading at my limit price for several minutes. I am going to go back and look at this again, because the next day they changed the software online to have a specific execution button labeled "buy to cover" which they had removed when they revamped their web site. I think they ripped me off and by the way I closed the account! I do not recommend them for any active trading account. GF