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I've heard others complain about Timberhill stealing ticks on market
orders BUT, in this case, they are right. The best they can do is bid
1379.60 and, if nobody wants it at that price, you're hosed. MIT (market
if touched) orders will guarantee you a fill but not necessarily at your
price. Don't know if Timberhill accepts them but most do.
Seems to me that trying to scalp a 2 point move, in a market like this,
from off the floor, is a gamble at best. The mini would be better for
fills but you'd pay more commish. I'm sure MB might have something to
say about the folly of trying to trade such small moves. :-)
> @ 2:49 est. I am filled for S&P short @ 1381.40.
> Next, I place a buy @ 1379.60 limit. It trades @ 1379.50 1 time @
> 2:53:54.
> I am NOT filled. My broker says "it only traded there 1 time, nothing I
> can do. Now, if it traded there 3, 4, or 5 times you would have a
> legitimate gripe." He tells me "Timberhill can only do the best they
> can to make a fill and that when it's trading a half wide like it was,
> that there can be no guarantee." He says "most or a lot of brokers will
> guarantee it but that's the price you pay to trade with Timberhill."
--
Dennis
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