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Strategies & Market Trends : A Simple List of General Do's & Dont's of Trading: -- Ignore unavailable to you. Want to Upgrade?

To: JEFF A. KEHL who wrote (571)	3/7/1998 6:05:00 PM
From: Arthur Tang	Read Replies (1) \| Respond to of 769

Thank you, Jeff. Trading is process mechanical; when you enter the order the night before as market order then yours will be filled the minute all the orders are look at, at opening of the market. It is not first come first served, unless it is NYSE by a (floor) runner on an auction basis. The danger of market order with live broker is the intelligence network. You do not want to tell a story on the stock. Good or bad; it will effect the price on your market order. In other words, you tipped off the broker and their trading desk, etc. If you used limit order then they could move the price up to have you chase after it; if you use a live broker. On Monday morning, all the brokers will look for momentum of any or some stock for that week. This is because brokers live on half the commission, he pays the brokerage firm the other half. On slow days they have to live off the market makers or specialists on momentum plays. Look at the volume and price trend on 1 minute interval intraday chart of the stocks, they go into. Try and come out before them or just after the money runs out on the stock. That is the first pull back on the uptrend momentum. Your description of a mechanical trend can not be repeated. Entry and exit points are never mechanical.