Devastating after hours trade...SCREWED!!

[GTS]

There is no basis for the trade to be busted. The trade occurred at the current market price.

If you read the first post carefully you will see the OP tried to place a trade $10 away from the current price but for whatever reason (fat finger or brokerage fault) it traded at the market ...no way that trade would be busted.

 

[sprstpd]

Quote from oldtime:

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'm laughing because wow you are another "special" person where even though millions of orders go through IB at the correct price, they screwed you over on your one order. You need to take some responsibility, just like the OP.

I could tell you another story about IB which cured me of ever using a stop again in forex.

Oh please do. Can't wait.

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.

Another idiot.

 

[sprstpd]

Quote from ashatet:

Sorry to hear about your loss, but someone on the other side of the trade made money, that is the name of the game.

Actually, the OP "lost" very little money which pisses me off to no end. If he actually had "lost" money, then it would be more fitting the situation.

 

[sprstpd]

Quote from beachhouse:

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!

You come on here and defend a complete idiot. What does that make you?

Thanks for the death and bad luck!

 

[Magellan]

Quote from sprstpd:

Actually, the OP "lost" very little money which pisses me off to no end. If he actually had "lost" money, then it would be more fitting the situation.

Most here have lost sight of the fact that OP didn't actually lose any significant money (at least not as a result of this order gone wrong).

He entered an order and it was filled at the inside market price. So what...feel sorry for you?

Not only did this trader try to manipulate the trading system, he is trying to manipulate us with his "I'm a victum" nonsense.



Magellan

 

[atticus]

Quote from Magellan:

Most here have lost sight of the fact that OP didn't actually lose any significant money (at least not as a result of this order gone wrong).

He entered an order and it was filled at the inside market price. So what...feel sorry for you?

Not only did this trader try to manipulate the trading system, he is trying to manipulate us with his "I'm a victum" nonsense.



Magellan

Either he's out $4k from his outlier BS (10 handles=$4k), or he's out $0.xx=$4k, which was his error on the 8-entry or marketable order. The former is simply retarded. Either way, he's not out anything. That's 2-3x the spread in the shares.

 

[jonp]

Gooooog morning...NFLX trading just a few pennies shy of $90 a share, you should make a new thread entitled 'Lucky after hours trade....SAVED!!!!'

 

[newwurldmn]

Quote from jonp:

Gooooog morning...NFLX trading just a few pennies shy of $90 a share, you should make a new thread entitled 'Lucky after hours trade....SAVED!!!!'

He wasn't lucky. He was smart. He KNEW Netflix was going to rally so he cut his short on Friday. Better, he *bought* on Friday.

 

[GTS]

Quote from newwurldmn:

He wasn't lucky. He was smart. He KNEW Netflix was going to rally so he cut his short on Friday. Better, he *bought* on Friday.

No, he was lucky. If had placed the order he said he tried to place (buy to close at $76) then the order would not have filled and he would still be sitting short this morning.

He is lucky for the "mistake"

 

[newwurldmn]

Quote from GTS:

No, he was lucky. If had placed the order he said he tried to place (buy to close at $76) then the order would not have filled and he would still be sitting short this morning.

He is lucky for the "mistake"

I'm being sarcastic.

He sounds like the guy who, when making money is doing it intentionally, and when he's not, blames someone else.

He'll probably be telling people that he bought NFLX stock in Friday's after hours. (Not bought to cover or bought by mistake).