You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Damir's Trading Journal
- Thread starter damir00
- Start date
it's basically the same model, but on a quicker timescale. I went long on YM U3 @ 9392, but got shaken out...exited with a 4 pt loss. Of course, 5 min. after I exited YM was trading at 9405.Quote from damir00:
for the exact reason you mentioned: market was pointed straight down. the NoiseBox buys weakness and shorts strength.
(and for the sake of completeness it should be noted i had an initial entry a full 25 points from the bottom.)
buy when there is blood in the streets
-- rothschild
-FastTrader
I've heard from IB about yesterday's fill. As the day went on, I would have had the correct fill, four points higher, but not for several hours. I do think from what they're saying that they will need to give me the four points, but I'll wait for them to figure it out. My other brokers would have given this to me, by the way, just on the basis of what IB found out thus far, and they'd have let me know within a few hours of receiving my note, too. It would never take this long to track a trade issue in my other brokerage houses.
I did read the interesting article which we were told about yesterday about the batch pricing, but the person effected by that had a STOP order, and a STOP order can be dropped down as many points as... well, FAR... because that's within its rules, but a limit order to sell cannot be filled lower than the limit, only at or higher, so I don't see how they can penalize me for IB's orders not going through properly -- the order showed as transmitted on my screen (green). They might try to squirm out of it, though. Luckily it's not big bucks.
Anyway, this is what they've said:
Their note:
Dear Trader,
Thank you for your patience while we continue to investigate the issue. It appears that the revisions that you attempted to submit on 9/4 were never received by the exchange; thus, the last working price was your revision on 9/3 to 9465. Hence, this was the execution price. Our programmers are looking into the details regarding this issue, and we will forward this information to you as soon as it is received.
Once again, we apologize for the delay in responding to your e-mail and thank you for your patience. If you have additional questions, please feel free to contact IB Customer Service.
Regards,
xxxxx
IB Customer Service
This is my original note:
Incorrect fill
I had an order in to sell x contracts YM Sept 03, for 9469, but it was
filled at 9465. This was at 5:03:26 this morning. Can your people check this
fill, please.
I did read the interesting article which we were told about yesterday about the batch pricing, but the person effected by that had a STOP order, and a STOP order can be dropped down as many points as... well, FAR... because that's within its rules, but a limit order to sell cannot be filled lower than the limit, only at or higher, so I don't see how they can penalize me for IB's orders not going through properly -- the order showed as transmitted on my screen (green). They might try to squirm out of it, though. Luckily it's not big bucks.
Anyway, this is what they've said:
Their note:
Dear Trader,
Thank you for your patience while we continue to investigate the issue. It appears that the revisions that you attempted to submit on 9/4 were never received by the exchange; thus, the last working price was your revision on 9/3 to 9465. Hence, this was the execution price. Our programmers are looking into the details regarding this issue, and we will forward this information to you as soon as it is received.
Once again, we apologize for the delay in responding to your e-mail and thank you for your patience. If you have additional questions, please feel free to contact IB Customer Service.
Regards,
xxxxx
IB Customer Service
This is my original note:
Incorrect fill
I had an order in to sell x contracts YM Sept 03, for 9469, but it was
filled at 9465. This was at 5:03:26 this morning. Can your people check this
fill, please.
If you're very new to trading I don't think futures are the place to be learning, honestly. You can lose more money than you put into the buys in futures -- you can lose a lot of money that you don't even have. Please be careful.
As for your question, your broker doesn't care at what price you bought anything or whether you bought them at different times or prices. They only care what you want to do with them at the time you're doing something with them. You just need to enter an order to sell one or two contracts at whatever terms you specifiy: such as, limit price or market. You decide which one you sold first, for your tax purposes. They look the same to your broker. You can keep a diary in which you're notating which you're selling, and that diary should be real-time. That will help if the IRS has questions.
As for your question, your broker doesn't care at what price you bought anything or whether you bought them at different times or prices. They only care what you want to do with them at the time you're doing something with them. You just need to enter an order to sell one or two contracts at whatever terms you specifiy: such as, limit price or market. You decide which one you sold first, for your tax purposes. They look the same to your broker. You can keep a diary in which you're notating which you're selling, and that diary should be real-time. That will help if the IRS has questions.
Quote from aremakaya:
Hi,
A newbie question. How does multiple contracts work? Let's say this scenario:
1. Buy 1 @9350
2. Buy 1 @9325
And now, the price is @9335 and I wanna sell the 9325 and hold the 9350. How do I specify that? Btw, I'm using IB.
Thanks.
Quote from OnTheEdge:
You can lose more money than you put into the buys in futures -- you can lose a lot of money that you don't even have. Please be careful.
i second that. don't even think about futures until you've blown up at least once with cash. at least with cash you can only lose what you put in. (this assumes you stay away from margin).