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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (3759)	1/13/1999 1:02:00 AM
From: chester lee	Read Replies (2) \| Respond to of 122087

<,What I have here is a long position in CNKT. I want to exit tomorrow, but have no clue where this thing is going or how it might open. I have to enter my orders at 6:00 am before I leave for work. Makes this sort of thing very tough. I probably will dump half or 2/3rds of it, and roll the dice with the rest.>> In my best Clinton voice, "I feel your pain". Day Jobs suck when it comes to trading. This morning I woke up late (and missed the action in DBCC) and rushed to place a few limit order sells (seeing that the market was heading down). In my rush, I placed an order to BUY BNYN when I intended to sell. To top this off, this was the second time I had made this mistake within the last 30 days. Enough of my bitching. To cope with my lack off access to the market for about 70 minutes when commutting, I place limit order at staggering prices. For example, sell 30% at the current bid/ask split. Sell another 20% 1 point higher.another 20% at 2 points higher, and hold the rest at 10 points higher. When you get to work, yoou can check confirmed trades, and adjust your orders as necessary. Good Luck. chester