Limit orders

I DONT WISH FOR U TO DO ANYTHING ILL LIVE WITH THE ERROR

YET HERE IS AN EXAMPLE OF A LIMIT ORDER NOT FILLED CORRECTLY. PLEASE DONT GIVE THIS BACK TO ME IT WILL PROBABLY JUST CREATE A PROBLEM LATER . I ONLY SHOW THIS TO U BECAUSE I KNOW U HAVE BEEN WORKING ON A FEW QUOTE ERRORS LATELY. LIMIT ORDERS ARE NOT MKT IF TOUCVHED ORDERS . HENCE LIMIT .

Email pending, trade filled @1451.00 (7/8/04 11:18) 7/8/2004 Sell to close 1 NDU4 @ limit 1158.00 DAY

But Joe,



It seems to me that your order was filled perfectly. Your limit was hit at the time you entered the order. Your order essentially said:

"Sell, but only if I can receive a price of 1158 or better."



But the market was trading at 1451, much better than your limit requirement. So you were filled at the price where the market was trading.



What am I missing? Why would you want to receive a worse price?



Matthew



P.S. Did you mean to enter a stop order?

wow

that would be a huge error on my part then ???

i put in the price at 1458 or better in my head

lol , so when i saw the 1451 i went what ???

now that i see the 1158 it makes pefect sence .

sorry