Go to Jeff Salisbury LWGate Home Page.From: "Jerome Buckmelter" <jsjbuck@myexcel.com>
Subject: [CANSLIM] Rino and trade executions--follow up
Date: Tue, 22 Oct 2002 21:45:30 -0700
Previous Article (by Subject): RE: [CANSLIM] RINO and general execution of trades "Mike Gibbons"
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Thanks folks for the input. I originally suspected that my online
broker could have done a better job, but the consensus is that I
shouldn't blame my broker; instead I should concentrate on trading
quicker, especially when placing market orders with thinly traded,
fast-moving stocks. However, before making a move I'm really careful
about re-checking the chart and other things since last year I jumped
into a stock that I thought it was surging above its pivot on huge
volume, whereas it was, in fact, plunging from its intraday high. I got
shaken out in six minutes (down 8%)! My online broker is a major
broker who charges $29.95 a trade. I don't mind paying that much per
trade if I can get a quick and good execution, because bad executions
can cost you much more. But paying more in commission, for me, does not
seem to guarantee quick trades (unlike Duke's experience). Thanks again
for the input.
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<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>Thanks folks for the input.<span
style=3D'mso-spacerun:yes'> </span>I originally suspected that my =
online
broker could have done a better job, but the consensus is that I =
shouldn’t
blame my broker; instead I should concentrate on trading quicker, =
especially
when placing market orders with thinly traded, fast-moving stocks. =
However,
before making a move I’m really careful about re-checking the =
chart and
other things since last year I jumped into a stock that I thought it was
surging above its pivot on huge volume, whereas it was, in fact, =
plunging from
its intraday high.<span style=3D'mso-spacerun:yes'> </span>I got =
shaken out
in six minutes (down 8%)! <span =
style=3D'mso-spacerun:yes'> </span>My
online broker is a major broker who charges $29.95 a trade.<span
style=3D'mso-spacerun:yes'> </span>I don’t mind paying that =
much per
trade if I can get a quick and good execution, because bad executions =
can cost
you much more.<span style=3D'mso-spacerun:yes'> </span>But paying =
more in
commission, for me, does not seem to guarantee quick trades (unlike =
Duke’s
experience).<span style=3D'mso-spacerun:yes'> </span>Thanks again =
for the
input.<span style=3D'mso-spacerun:yes'> </span><span
style=3D'mso-spacerun:yes'> </span><o:p></o:p></span></font></p>
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