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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: steve kennedy who wrote (7959)4/18/1998 9:54:00 AM
From: Alf  Read Replies (1) | Respond to of 16892
 
Steve
So do you place market orders for stocks that are on the move ?
I have always used limit orders at the ask and this week have missed out on many.

Could someone please explain the procedure for shorting stock through Datek ?
To enter I place a sell order and to cover I place a buy order ?
I have yet to try this through Datek and would appreciate anyone's help

Thanks in advance and good luck
Tim



To: steve kennedy who wrote (7959)4/18/1998 11:45:00 AM
From: jawd  Respond to of 16892
 
I tried that strategy of getting out quick with a market order but it wiped out my profit - Datek filled it at 1/4 above what it was when I hit the button. Not saying it isn't the right strategy - it gets you out but in a fast moving market with Datek you really don't know at what price.


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