Amex trade bust - Plz help

Quote from SethArb:

why did you not short an ETF like DIA OR SPY OR QQQQ etc

late friday to hedge yourself if there was no liquidity in your stock after hours ?
More...

Cause i didnt know the trade was going to be broken. I thought if they didnt give it back to me during the trading hours then that meant it stood. Guess not.

All in all im fucking pissed. I believe amex handled the whole process like a load of shit, and I hate them with an extreme passion. There was clearly a big buyer on amex, and i dont know where price improvement came from ive never been price improved on amex. I dont see how me offering a fair price and them fucking up means i have to take it up the ass. But life isnt fair, so im just going to make sure i bitch to every person and regulatory board that will listen, and then try to suck it up and make it back.

Havent had a losing day since Oct 27/06... and now this.. FUCK
 
I've known that idex ETF for a decade, and traded it for all it's worth for that time.
THAT was definately a bustable print if you know that #1 its an index ETF, #2 it's typical range (even market adjusted) isn't near that , #3 it's previous bust history. #4.....well it's AMEX.

PM me, Szeven....I'll give you the low down on the bust ranges for these.
 
Quote from Szeven:

, so im just going to make sure i bitch to every person and regulatory board that will listen, and then try to suck it up and make it back.

[/B]
More...

You might want to start here, not sure if it will help you.

William Love
Phone: 212-306-1789
Fax: 212-306-2139
william.love@amex.com

But like its been said, as much this is a load of bullshit, do what you do best and that is make money. I'm pulling for you. Best of luck.
 
What a bad decision to get out that day. I should have known it would get busted. I cant believe i cost myself 25k+... just cant afford that kind of loss...
 
Well I lost 17k on the trade, and then I get this fill on the opening print of EWZ... but this time i didnt get out :) Trying to learn from my mistakes :confused:
 

Attachments

You must log in or register to reply here.
Back
Top