Re: How to not get ripped off in your line of business...
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If you're going to trade stocks or options (esp. options at the open), don't use market orders. It's basically giving the market maker or specialist or whoever an invitation to [censored] you.
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Never trade a muni bond. Buy new issues and hold. Otherwise, you are getting screwed by the desk, if not the desk and the salesguy's markup.
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