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Re: gbreez post# 3112

Monday, 06/13/2005 3:48:35 PM

Monday, June 13, 2005 3:48:35 PM

Post# of 44374
gbreez
One thing many traders in a fast moving stock don't realize is every time you place an order it goes into a que (line of others), The sooner you get in line and the longer you stay the better your chance to close your order.

Everytime you change your mind, during the day, you get out of your shorter line, you've been waiting in and getting into the back of a new line!!!

So say you had 20 in front of you, when you placed your first order, $2.35, and 12 orders were closed, on the run up. Now you at 8. Then emotion takes over, you move to $3.45 for an extra $20 and are back with 20 in front of you again. You don't close and move back into your original line, which has grown to 20 again!

This is not to be a wack at you personnally, Many, many many do this! Just wanted to point out the possible problems with, "Lane jumping" $20 dollars worth of emotion, cost you your profit for the day!

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