Devastating after hours trade...SCREWED!!
- Thread starter gster210
- Start date
yes, the same thing happened to me. I have been a long time customer of IB and still am, but one night I had a stop and was watching it, and it even showed up on the chart and it was very close. Finally the market moved away and I got sleepy and when I woke up I had been stopped out at a time when I had been watching it. I called IB and claimed it was not right, and they told me to check the audit trail, and sure enough my stop was a pip above where I thought I had placed it.
Laugh if you want, but I know where my stop was, and ever since then I know never to use GTC or any kind of resting orders with IB.
I could tell you another story about IB which cured me of ever using a stop again in forex.
Just assume nothing is hidden and watch your positions and never leave anything to the convenience of GTC.
I for one don't beleive what you are saying is false, unlike many who have posted here. But like they say, caveat emptor, now you know how the deal works don't make the same mistake again.
Laugh if you want, but I know where my stop was, and ever since then I know never to use GTC or any kind of resting orders with IB.
I could tell you another story about IB which cured me of ever using a stop again in forex.
Just assume nothing is hidden and watch your positions and never leave anything to the convenience of GTC.
I for one don't beleive what you are saying is false, unlike many who have posted here. But like they say, caveat emptor, now you know how the deal works don't make the same mistake again.
I will give a high probability that you may have typed in 76, but it did go in as 86 may be because of the auto complete feature or something (most browsers have the auto complete). Never used IB, but something to look into.
Sorry to hear about your loss, but someone on the other side of the trade made money, that is the name of the game.
Sorry to hear about your loss, but someone on the other side of the trade made money, that is the name of the game.
Quote from NoDoji:
As perfect as I am (), I've been 100% certain of seeing something that was later proven wrong and I simply couldn't believe I could've seen it differently. It happens no matter how precise you are in every aspect of your life. Our brains can deceive us.
+1, call it a neural misfire. It happens considerably more often when suffering from lack of sleep or using substances (either high amounts of caffeine or something more illegal).
yeah go cram it back up your jacked up ass. We know what we saw, we know what our price was. Why are you even wasting your time talking to people who don't know how to enter an order? I may get some fat fingers when I'm posting on ET, but not when it comes to price on an order, and I check it and I double check and usually I triple check it.
Oh by the way, I know you probably still don't beleive it but the Wright Brothers actually did fly a heavier than air craft in Ohio recently. Didn't see it? Oh, that explains why you still don't beleive it.
I can misfire more neurons in an hour than you could count in your short life time and still know where my stop was.
Ok then, thanks for stopping by, thanks for the money too... You might want to dial back the WHINING though... and you TYPED in the price? TYPED?? That's asking for trouble... Even IB has a chart trader thingy built in... I'm just sayin'
You are either a clueless idiot, or an employee at a brokerage.
I was with a broker (the name begins with an S) for 3 years. This broker routinely traded against the customers. Many orders never reached the intended exchanges. It's called internalization! A market order could be held for 2 minutes by the broker! A limit order is certainly a sitting duck and they can shoot it from any angle they like.
If you work for a brokerage, you are the most dishonest, immoral, unconscionable poster I have ever seen on ET.
If you are a trader, you are the most stubborn, stupid, blind poster I have ever seen on ET.
I wish you nothing but death and bad luck!
This is correct. An interesting side note on this is the lack of validation in most of the order entry platforms for this very condition.
The software should trap this before sending the order:
"You've entered a limit order to sell below the market, this will likely result in a fill at the market price...are you sure ?"
Granted, make this an optional check, as pros are much less likely to make this mistake a second time.
It's Monday morning; presumably OP will be moving his account today from the brokerage he believes is stealing from him...
About busting the trade:
Only erroneous RTH trades can be busted not AH trades (unless rules changed recently).
Only erroneous RTH trades can be busted not AH trades (unless rules changed recently).