To: TFF who wrote (1027 ) 11/3/1998 10:41:00 PM From: keith massey Read Replies (3) | Respond to
It's venting timeyes I'm in the money big . I saw momentum peak and started to see bids weaken and I change my stop sell order to a sell at a specified price (you can't have a sell order at a set price and a stop order in at the same time with Greenline). If I would have put in a stink bid to speed up my transaction time I would have removed my stop order and risked not have a safety net on a fast moving stock. It took 20 seconds for me to change my order and another 90 seconds for my sell to get up on the boards and by that time my sell price had been reached and it was going the other way quickly. I put in another stop loss 1.50 above my initial buy price to lock in profits. The stock starts trending up again and hits another high 10 minutes later. I change my stop loss to a buy but because of a 2-minute delay I miss the top again. On both sells I would have got filled if my bids would have hit the boards within 30-40 seconds . The stock starts trending down again and in my frustration I place a market sell order. To my horror around 80 seconds later I get filled $1 above my buy price. Although I made a significant amount of money on the trade I was ready to go down to Greenline with a postal workers rifle.
