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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (4347)	3/20/1999 10:56:00 AM
From: brad heffler	Read Replies (1) \| Respond to of 4969

Steve: As you may know, I traded with Waterhouse Securities for a few weeks before I was fortunate enough to find your firm and switch my account. My bad experience at Waterhouse has raised a few questions that no one seems to know the answer to. First, when you enter an order to cancel a trade in a Nasdaq stock, and that cancellation does not go through, is there any record of that cancellation kept by either the brokerage firm or the market maker? Second, if a limit order is placed on a NYSE stock, but the order does not go through and is later withdrawn, expires or is changed, is there a record kept of the original limit order by the brokerage firm or the specialist? Thanks for your help.

To: steve goldman who wrote (4347)	3/20/1999 3:12:00 PM
From: compradun	Read Replies (1) \| Respond to of 4969

Steve- Greetings and congrats on running my favorite thread on SI. I was approached about taking some training related to trading NYSE names. The trainer mentioned using "Market on Open" orders and said that most successful trades occur in the first forty-five minutes. That got me to thinking and raised a few questions.... 1. When are "market on open" orders best used and... 2. How do you identify stocks that have the greatest potential using the market on open order? Thanks in advance