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Jim,
| -----Original Message-----
| From: Jim Cox [mailto:cayenne@xxxxxxxxxxxxxxxxx]
| Sent: Wednesday, September 02, 1998 10:36 AM
| To: omega-list@xxxxxxxxxx
| Subject: on the chin
|
|
| After four days of being smug about getting and trading
| great signals, me
| and Bullseye took in on the chin this afternoon. Indicators
| said to go long
| at 1005.50. Filled at 1006.00. Market turned and I thought I
| was out at
| 1002.00, which was the original "stop-loss".
|
| Broker calls and says my stop loss was not "elected".
| <SNIP>
This has not happened to me. If you have a Sell Stop at 1002.00 ticket and
the market is at 1006.00, doesn't that ticket become a market order when the
market touches 1002.00? What does "not elected" mean? I can understand a bad
fill in a fast market, but my understanding of what you said is that they
just ignored your valid ticket. Couldn't you contest this with a Time &
Sales check?
Sorry if this is an ignorant question, but I appreciate the education.
Neil
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