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At 06:31 PM 9/18/97 -0400, Peter2150@xxxxxxx wrote:
>In a message dated 97-09-18 16:45:35 EDT, lel@xxxxxxxxxxxxxx writes:
>
>> I finished my first e-mini trade today. Not only can you not set stops, but
>> Ira Epstein says you can't even do market orders. They required me to give
>> them a limit price
>
>That should be a problem. If its trading around 957.5 just tell them to buy
>you one at 958 or better if your buying. Voila market order.
>
>
That's what I did. But as the market trades faster, it gets pretty hard to
pick a price. Of course, its worse when trying to close out a position.
Does anyone know what would happen if the market were moving up quickly
(say .25points/10 seconds), and I put in a buy at 3 points above current
market or better? Would GLOBEX reject the order? Would I get filled 3
points above everyone else? Or would it act as a buy stop, and not get
filled till the market gets to my price?
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Lawrence E. Lewis
Vice President, Chief Technology Officer, Chronology Corporation
EMAIL:lel@xxxxxxxxxxxxxx TEL:425-869-4227 x122
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