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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Shmar10 who wrote (6615)	1/29/1999 9:00:00 AM
From: Poet	Respond to of 56535

Looks to be a good open today, as futures are up above fair value. I wanted to share another goof-up I made recently: I was holding 200 shares of a stock I bought at 110 3/4. I was a wee bit nervous, as I usually don't trade the expensive ones. It inched up very slowly, finally popping all at once to my sell level-- 11 3/4. I quickly put in a limit sell at 111 7/8. A minute later, I checked to see if I'd sold. And I had: at 111 1/8! I was furious, got on the phone with Waterhouse and began to outline my reasons why they should break the trade. Then I looked at my sell order on the screen: I had put in a sell at 11 7/8. Whoops.