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For 30 years I've watched people try to squeeze a little extra
out of a trade and then miss it for an extra 1/4 or 1/2.
In very liquid markets, like beans, use Market orders. Trying
to get an extra $12.50 cost $500; not a good risk/reward.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Alberto
Torchio
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">Realtraders
Sent: Thursday, February 13, 2003 10:11
AM
Subject: [RT] FUT Order "Unable" or poor
transmission?
I have placed online yesterday the following order: sell
SH3 @ 573 1/4limit.The system reported it working at 10.09
AM.On the Time & Sales the following trades are above my
price:02/12/2003 S
03Mar 5734
10:09:0102/12/2003 S
03Mar 5734
10:09:2102/12/2003 S
03Mar 5734
10:10:5102/12/2003 S
03Mar 5734
10:10:59However, no fill was reported.I canceled the order at
10.17 and the cancel was accepted.How come I have not been filled? The
order desk simply says there was nofill...They say by the time my
order got to the pit it was "unable".How long does it take to get to
the pit? More than one minute?And I am trading with one of the big
names...Regards,Alberto
Torchio__________________________________________________ Do you
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