Replies to post #56 on Theo's Poolside Discussion of Trading Delights and

[Wayne R]

After the "TEST" experience, I came up with another idea that I called my "fishing orders".

Spent an hour or so creating orders to buy shit for way off the market for the next day in premarket trading. Once I actually bought some 30 dollar stock for 50 cents. Trade was never cancelled.

Then one day I get a fill at 1/16th for a hundred dollar stock, 1000 shares. Damned near fell off my chair. So what I wanted to do was sell it immediately at 105. In my nervousness and my newfound buying power I actually hit the wrong buttons and BOUGHT 1000 shares at 105. EEEK!

It was the end of trading on a Friday. Sometime after market close mytrack sends me a message telling me the first trade was busted and my margin account is in a deficit and I have to clear up the problem before Monday at 15:00.

Well, the stock in question opened Monday at 110 and I made off with 5K to end the story.

[Wayne R]

Then there were what I suppose were criminals in after hours trading.

Took me a while of watching to figure out their scam.

So, there is a low float stock that doesn't really trade much and I imagine that there is some guy managing a portfolio for someone and figures he's not getting paid enough.

What this guy does in afterhours (i'm only theorizing here)is sell a 10 dollar stock to himself for 2 bucks, then sells it back to his client for 16 dollars.

I managed to sneak in a couple times to grab the sell 1/256 above the bid or short it 1/256 below the ask.

The guy can't complain to break the trade, he's screwing his clients....

Oh so much crazy shit.

[Theo]

"Took mytrack a month or so to sort out my account but I had a shitload of money on paper for a while...."

THAT is hilarious!! You had to be on a first name basis with MyTrack by this time lol!

I bet every time something went wonky at MyTrack, somebody said "Oh hell, what's Wayne done THIS time?" :-D