Quote:
Originally Posted by SSLance
I'm going shopping today as well...
|
I couldn't log into my WELLS FARGO account that I use for examples on this thread (trust me - I don't tell you Aholes EVERYTHING).... So I texted my team at the bank... which resulted in an immediate phone call from them.
I put just over 1MM "to work" (I always maintain a pretty sizable cash horde). By the time I tried to log into the account -- and the manual buy order was placed - -ALTRIA (MO) moved from $49.97 to $50.24 (my fill).... on a 5000 share order -- that's a big move (a cost to me!!). I had to switch from LIMIT orders to MARKET orders because the market was moving to the upside so fast. I could write a book about that "strategy" -- you have to move and make decisions in a fast moving market - that you WOULD NOT do in a "normal" moving market. If you're buying 100 or 10 shares - this isn't going to make or break you - and if you WANT the shares... and you should have decided that weeks or months before the actual action...
I bought AAPL -- NFLX -- MO -- T -- KMI
An hour later - I still don't have order confirmations.