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Whatever one does, whatever the circumstances, the trader is always 100% responsible
for his/her actions. If things do not work out as you feel they should, change
methods systems, setup, whatever, but change yourself, adapt. But don't blame
others, it is pure waste of precious energy and time:
After all you are the one who made the decision to work with this desk or broker in
the first place. Blaming the broker won't change anything in the future for you, the
patterns will just keep repeating endlessly, until you are fed up and finally do
something about it.
What will help, is to take action to fix this problem: talk to or see the guys to
get a better understanding of how things work, compare other brokers, go over your
method again to look for better entries or exits, go over your order routine
procedure, check your internal efficiency and evaluate the time it takes you between
receiving the signal and getting your order placement confirm etc..., anything,
until you find something to improve on your side, on in your setup.
Good hunt
Gwenn Ael Gautier
BrentinUtahsDixie a écrit:
> Tim,
> Now your talking sense, conditions should dictate the strategy. We would
> all like to be filled at the price that we want. Reality is a bit
> different. As expressed in today’s posts there are times when there is
> little other recourse. Perhaps, with your expertise you could give us some
> clues as to when conditions would be appropriate for CR orders. Also in
> your experience how long do you think a person should wait for fills.
>
> I’m sure I speak for many when I say we have been wounded when placing
> orders and are sensitive in that area.
>
> I was just musing about the fact that on numerous occasions after I have
> been in with an order sometimes for hours and I got fed up about not
> getting filled; I finally just went ahead and straight canceled my order.
> Then, what do you know, I find that I am frequently filled. Coincidence?
> Well, you should know better than I.
>
> Best Regards,
>
> Brent
>
> ----------
> > From: Tim and Lynn Lee <Timothy.H.Lee-1@xxxxxxxxxx>
> > To: 'realtraders@xxxxxxxxxxxxxx'
> > Subject: Cancel Replace (CR)part II
> > Date: Saturday, May 09, 1998 5:54 AM
> >
> > As is readily apparent to me, one has to be extremely careful as to how
> each post has been worded, and not shot off in 2 minutes like I did. It
> was not my intent to start a worldwide movement to make things easier for
> floor brokers by making everyone stop CR. I wanted traders to think about
> how they were trading and pass on what I have found in my experience as a
> pit broker. What I have found is most who use CR are "chasers" who would
> have been better of if patient, if you are not one of these traders, great
> you have a real understanding of the market.
> >
> >
> > On further reflection, perhaps there is an easier way to settle the
> practice of CR for each trader. Take the profit they missed out on by not
> CR and add it to what they lost by CR.
> >
> > Perform that evaluation over the course of an extended period of trading
> and it should give you a rough idea if you are a chaser, or someone who
> really knows where the market is going.
> >
> > Tim Lee
> >
> >
> >
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