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I have also seen very similar behaviour. Sometimes you work a stock real nice with the specialist and when its time he gives you a nice fill. Other times it seems like the specialists main goal is just to see you lose money. Its comical when you want out of a position and you have only 200...

Just waiting for a reply to the previous question. Have not seen you post, hope your not stressed from the current market conditions

The rate of .075 is a distant memory. If you try to get hooked up with an average firm they will try to get you to pay 1 cent per share but if you say you will not pay that then the firm will cut deals. For a trader with no experience im not sure but for anyone who has been trading for a while...

Thanks everyone who posted on this thread. If any others wish to comment, the more the better. Happy trading everyone:D

That is very interesting, if i could get your bullet rate that would be incredible. The .009 for comissions seems to be really high but 1 cent bullets is insanely cheap. It appears to me that the whole industry is headed for even cheaper rates. I hope the firm i am with catches up soon...

I am very curious to what the average person pays in comish and bullet charges. I saw the add for PointDirex and it says that comission rates are half a cent and the bullet rates are 1.5 cents. On an average day i do about 50,000 share volume and usually 10,000 bullets. Can you tell me...

One more quick question? When you guys talk about putting in stop losses are you talking about actually placing the order once you open your trade or are you talking about mental stop losses? i have been under the impression that if i place a stop loss in the books, if the price gets near the...

Thanks to all that posted on this thread. I am going to make some changes in my daily trading routine. As for opening a position i will open with a max of 600 shares regardless of how good the trade looks. Further i will not add to this position if it goes up or down (only if i feel i want to...

I have been trading for approx. 1 year. I have learned lots and love trading stocks but i have a very very serious problem. Most of the time i make money on a regular basis. The problem is every so often i get wired into a trade. What i mean is i buy lets say 1000 shares of abc. The stock drops...

Please read the very first post on this thread. I don't think you understand the whole story. I was the person who originally was thinking about asking to get the trade busted. How could someone else possibly ask for a bust when at the time the price they received was a point better than the...

Thank you everyone for all the comments. Obviously i am not happy with what took place. I do not agree with people placing these orders 1$ outside of the market. I think it is unethical. I also think it is unethical when people cut me off while driving, and i think it is unethical for people to...

Thanks dude! :eek:

A little info for active traders. Here is a little story that just happened to me. I was in a trade recently where an institution was getting short at the market. The offer chased down about .15cents. When the offer was taken out in a mad panic people started to buy up an island offer that was...