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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?


To: Big Dog who wrote (2)5/20/1998 12:03:00 PM
From: RogerWillco  Read Replies (2) | Respond to of 1729
 
Obviously, I don't know how to day trade. Here's a good example. I bought AMGV, a bb stock, yesterday afternoon based on a recommendation on Copia's thread hoping to squeeze out a few quick bucks. I got 10k shares at 9/16 and almost immediately put in a limit sell order at 19/32, hoping to make a measly 1/32 on 10k shares. The price rose above my limit price but the MM obviously ignored my order, and now I'm stuck behind the 8 ball on AMGV, which is down considerably today.

Can MM's just ignore orders like that, even when trades were going slightly above my limit? I'm sure the answer is yes but would still be interested in comments or suggestions from anyone. Thanks!

rw



To: Big Dog who wrote (2)5/23/1998 1:04:00 AM
From: Dave Baker  Read Replies (3) | Respond to of 1729
 
With that much trading activity, how do you deal with the paperwork? What do you do at tax time? It must take you a week to prepare the list of stock transactions you made...

Just curious...

Dave in KC