The 3Dimensional Trading Breakthrough
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<strong>The</strong> 3 Dimensional <strong>Trading</strong> <strong>Breakthrough</strong><br />
ABC FUTURES, INC.<br />
Account# ORDER NUMBER 413<br />
BUY<br />
SELL<br />
BRANCH or IB ORDER<br />
‣ As the broker takes your order, the first thing that is noted is if it is a day<br />
order, or an open order, and it is noted in the upper right hand corner of the<br />
ticket.<br />
‣ <strong>The</strong> next item recorded by the broker is our account number, and that is<br />
written down in the upper left hand corner as you can see.<br />
‣ Next, the specific order is taken and is recorded in the “buy” section, or the<br />
“sell” section.<br />
‣ Lastly, once the order is verified back to us, the broker will give us an order<br />
number (or a ticket number) that is to be recorded by us in case of potential<br />
errors. It is our responsibility to document this transaction! Failing to do so<br />
could lead to a costly error for us.<br />
Brian: I have gone over each possible order that is most commonly used in trading.<br />
I have gone over each one of them textbook style for you to actually see (or hear<br />
by somebody “reading” to you) how each order should be directed to the broker.<br />
Remember, the broker works for us and will do exactly as we direct her/him to do.<br />
It is imperative that we are both speaking the same lingo when getting involved<br />
with the markets. I hope that I have helped you with this task. As my former<br />
Navy Instructors put it, “We can teach you anything you want to learn concerning<br />
diving, demo, shooting, and more, but we can’t teach you experience. . .” Good<br />
trading to you all!<br />
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