InvestorsHub Logo
Followers 697
Posts 30435
Boards Moderated 3
Alias Born 08/18/2000

Re: billy_at_the_beach post# 10

Thursday, 03/25/2004 7:20:53 PM

Thursday, March 25, 2004 7:20:53 PM

Post# of 67
the two biggest that i find annoying is the
5 minute marketable rule...
they can hold your order for 5 minutes without filing
you,but in the same time you can not cancel your order..
than after 5 minutes they allow you to cancel but they have 1 minute more to fill or let you out.
5 minutes for a daytrader stuck is a lifetime..

the thing is such a joke i call 2 minutes in or 3 minutes in and ask to cancel,they everytime single time they come back and say it is too late,and let's face it when you call to cancel,you are calling cause level 2 said you made a wrong move...

now the one minute lockout rule is another joke..
like today i had a sell in WNMI at .04
for 7 minutes the stock was over .04 and even went to
.0415 on the bid,so here is the real kicker at .039 x .04
i cancel cause the stock has now gone under my sell price and i still have to wait 1 minute and 30 seconds for them to let me out of my order and stock is now at .036 x .037..

that b.s put me 400 dollars down in those 2 minutes...


[chart]www.profile.ak.facebook.com/v229/1511/20/n1271503258_594.jpg[chart]
Disclaimer-i buy stocks on the advice of my lucky eight ball,please seek the advice of your owns balls before buying anything ....

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.