Help! How much did I just lose!?

R

Relleum

Today is the first day that my new IB account is funded. So I was exploring through TWS, and as a test after hours, I placed several limit orders for US equities, updating the limit amounts *SEVERAL* times, and cancelling and replacing the limit order at least 10 times.....


....Then i realized that they charge to cancel/modify?!?!?! If this is the case, I probably blew at least $50 in 10 minutes for no reason!

I'm looking all over TWS and account management, and I can't find a report that breaks down what i just did!

Help!
 
your current account balance should show the accrued charges or worst case tomorrow's account balance will be updated to account for the charges.
 
Quote from optioncoach:

your current account balance should show the accrued charges or worst case tomorrow's account balance will be updated to account for the charges.
More...

i thought charge for changes was only for options

do they do this for equities and futures too??????
 
Can someone help? I have a huge limit order and i'm reluctant to change the limit price because I don't know what I am paying!
 
For stocks it's not that expensive, ton o changes every day and i received a 5 buck charge (one time for all day).
Probably not a big deal unless you change options - that's expensive!
HTH
ps - surf their website for the charges
 
If you have a HUGE limit order out there, why are you panicking over possibly $50?


Quote from Relleum:

Can someone help? I have a huge limit order and i'm reluctant to change the limit price because I don't know what I am paying!
More...
 
wait.....is that "0.12/Cancel or modify order" per share or per action?

I thought it was per share!

Hehehe, that is too funny..

Let's see, 2500 shares, about 25 changes:

2500 x 25 x .012 = $750.00 dollars

ok, this is my single allowance of a newb-panic-retarded-forum-post for 2007.

It wont happen again.


Until 2008.
 
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