Do yourself a favor and download bracket-trader, its free. One click in the dom and your initial order is sent to IB together with your stop and target order.
http://bracket-trader.com/
MBS, I´m curious, why wouldn´t you be concerned? Suppose you are long several contracts YM, globex goes down, and the market crashes several hundred points before globex is available again. You wouldn´t consider hedging your position?
Thanks for the response, good to hear that. But I talked to a woman from IB on the phone today, she told me the opposite. She said I would need sufficient additional funds to pay full required margin for the floor-contracts...
I tried buying the maximimum possible amount of ym through my...
trading with Interactive Brokers: suppose I have a position in ym and globex goes down. If I want to hedge my ym contracts with the pit-traded dow contracts (indu), do i need additional funds in my account to pay margin for these pit-contracts? what i´m doing is neutralizing my risk, so it...
trading with Interactive Brokers: suppose I have a position in ym and globex goes down. If I want to hedge my ym contracts with the pit-traded dow contracts (indu), do i need additional funds in my account to pay margin for these pit-contracts? what i´m doing is neutralizing my risk, so it...
trading with Interactive Brokers: suppose I have a position in ym and globex goes down. If I want to hedge my ym contracts with the pit-traded dow contracts (indu), do i need additional funds in my account to pay margin for these pit-contracts? what i´m doing is neutralizing my risk, so it...
YM moved from ecbot to globex today. Before, at ecbot, stop market orders were native to the exchange. I assume stop market orders aren´t possible anymore for ym at globex, only native stop limit orders. Can anyone confirm this?
YM moved from ecbot to globex today. Before, at ecbot, stop market orders were native to the exchange. I assume stop market orders aren´t possible anymore for ym at globex, only native stop limit orders. Can anyone confirm this?
one other thing not to forget is that ecbot did not support stop limit orders, only stop market orders. globex only supports stop limit orders, no stop market orders.
so i guess from today on, you can only trade ym with (native) stop limit orders, if you want to continue using stop market...
austin, i always enjoy reading your posts. could you give some insight why you think the market conditions we are seeing today are "normal" and what makes you come to the conclusion that conditions will stay like this for years?
US Futures Order Handling Rules
Please note the following rules for stop, stop-limit and other orders on the US futures exchanges.
CBOT (E-CBOT)
Stop-Limit Orders: Stop-Limit orders are not supported by the E-CBOT. Interactive Brokers provides customers with simulated stop-limit orders...