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Re: Lesson Learned post# 5269

Thursday, 12/08/2011 2:46:06 PM

Thursday, December 08, 2011 2:46:06 PM

Post# of 12911
My issues is with computers. I trade with Schwab. I had just put in a trailing stop at 25% (trigger price became $1.04) BUT when the price hit the trigger, there was no sale. Schwab said that at that point in time, there were SO MANY ORDERS that the computers just couldn't keep up with the trades. So, as a result, my sales were at .80 and .68. I still made some money but I'm a little disappointed. I understand the volatility of pennies, but am discouraged.

BTW: The Schwab guy said that next time, instead of a trailing stop, put in a limit order.

Just passing this info on to everybody.