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	Forums ›› Main ›› Wall St. News ›› WSJ: Trader receives FB trade confirmation 5 days later

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atticus

Registered: Mar 2007
Posts: 12625

06-14-12 09:19 PM

Quote from brocklanders:

He says in the video he used a limit order not a market order. It is also apparent from the brokerage statement in the opening it was a limit order that was expired at the end of the day ...

clearly it was a horrible trade from the get go because his limit price was $46 which was crazy in the first place. There is no question he would have lost a lot of money on this (like he says 30% of his account on the first day probably) BUT at least he could have salvaged 28K or so if NASDAQ and his broker had done its job properly.

I would really love to know who is broker was!

That's a Scottrade statement.

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brocklanders

Registered: Aug 2007
Posts: 1711

06-14-12 09:52 PM

Ah thanks. I never liked Scottrade maybe something to do with the helicopter flying Rodger Riney!! Never trust a broker who flies around in a helicopter!!

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atticus

Registered: Mar 2007
Posts: 12625

06-14-12 09:54 PM

Quote from brocklanders:

Ah thanks. I never liked Scottrade maybe something to do with the helicopter flying Roger Riney!! Never trust a broker who flies around in a helicopter!!

Never entrust your money to a clown flying around in a $3MM Eurocopter.

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