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Will Timberhill brokers take a MIT order?
This would at least control any losses you might
have had if a limit order was not filled and the
market moved against you.
BTW if you are serious about your Big Board Spooz
trading you should be trading with someone direct on
the floor who will watch your small spec ass. Most of
these guys wont bother with 1 lot traders but might
deal with 2-3 lot traders who will guarantee x amount
of trades per year. One great advantage here is if
your guy is good an you can trust him, you can give
him not held orders for stop loss areas and he will
likely keep you from being stopped out by "Local
action" just running stops.
Regards,
Alan
--- Dennis Holverstott <dennis@xxxxxxxxxx> wrote:
> > In addition, you may be aware that
> > especially during fast markets, different prices
> will be trading
> > simultaneously in different areas of a pit --- in
> that situation, it is
> > hardly fair to hold a broker at one site to a
> price that trades on the other
> > side of the pit.
>
> That's one of the biggest advantages of the mini.
> All the orders funnel
> through the same pipe and it's 100% democratic. If
> Joe Little Guy's
> order gets in there before Jack Important Local's,
> Joe gets the fill.
>
> --
> Dennis
>
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