How I lost 10 grand to IB popups

Or use bracket order to initialize a position, then just modify the target order in the bracket order for closing out position. In this way the popup will not show up.
 
it speaks for itself to have morons like you moderate this board. Too funny!!!

P.S.: The icing on the cake is you are too cheap to pay for a data feed for products you are trading. LOL...too good being moderator and posting on ET is free of charge to you.



Quote from oraclewizard77:

I have to admit IB is truly shit for trying to trade anything with. I would never trade futures with it. Here are some issues, at night I cancel a GTC order and try to replace it with another. It does not let me replace it correctly, and a pop up comes up saying close, I click yes, and it then lists all my open positions as close on open. So I have to manually cancel all of these orders out, and it still will not let me place a sell order for that 1 position until the next day during market hours so I was not able to close out at a better profit.

Then another time, I place an order to buy 5 calls again at night since the software sucks so badly I rather not do trades during the day. I wake up with a 500 call position. I call their support team, and they say the best thing I can do is just close the position out. So I close all but 150 calls since earnings are coming up, and I still think the overall plan is good but I lose commissions.

Also, I place a trade on 1 stock, and IB says that it will not give me a quote on it since its from a country not in the United States unless I subscribe to their data feed. Instead I use yahoo finance to look up the price and place the trade, I get a pop up warning saying some shit about its not good to place trades on stocks where we don't give you a quote since you did not pay for a quote, I say fuck you to IB and press send, so the order does fill at my price even though IB does not give a quote, I can watch the stock on yahoo finance instead.

My advice would be close your IB account, and put the money into a futures broker that has a good front end like Ninja Trader.
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Either way, he f*cked himself by not practicing first in demo mode and customizing the platform to his specs. Im surprised he didn't know about Button Trader which is far superior to IB's base platform garbage.

I trade ES full time and know how important it is tweak the platform's features to my trading style so I dont get any surprises when Im trading for real.

P.S. I use Ninja :cool:
 
Quote from trade2live:

What did I tell you, the people designing TWS are clueless about trading, these people are only playing with your money, that's what , you are their guinea pig. Aside from one or two guys , the helpdesk people are clueless, they don't understand a trader's logic when placing orders, they don't understand what you do.
I am sick of these amateurs in software development, they are a nuisance , they bring no value, they destroy your account.
They don't know that YG can move $66 per contract per second,
that ANY delay with popups , messages can cause debilitating losses.
The other reason is also they are looking out for their own interest as always, and could care less about what happened to your account.
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Seems like you were clueless and playing with your own money. That would make you the guinea pig...

They did not destroy your account either, that would be you leveraging your ass off in hopes of making $1 million in a 2 hour trade... that is what destroyed your account.

If they didn't know YG can move $66 per contract, per second well then I guess you did know that it could, and that any delays or slips would cause debilitating loses... so why did you leverage so much if you knew you could get smashed?

You are blaming a broker for your own greed. Tell me that going all in on one trade isn't purely greed...

It's sad you had to learn your lesson with a $10,000 bitchslap. I honestly feel for you but it's only your fault you leveraged so much.
 
Pescador, you are right , however I am not sure whether your stop is canceled before your close position order , simultanueously on execution or after it. My point is WE DON'T HAVE THE TIME TO READ ANY GODDAM POPUP OR MESSAGE when trading . Is that too difficult to understand for IB development ?!!!
Any 5 year old playing video games would realize this !

And YES , TWS is way too complicated to learn in details. That's the major problem with this platform, what you don't know will cost you a bundle curtesy of the brilliant people who designed it.

And no I wasn't overleveraged.
 
what is this shit called Ninja Trader?


is it a broker?

is it a cable company?

is it a trading platform?

is it a data service provider?

is it a chart service company?

Twenty years later, you will tell a ridiculous story to new traders:

"You know, 20 years ago, we had to first deposit money in a broker to open an account, then subscribe to a data service provider to get quotes, then subscribe to a charts company to get charts of different stocks, then pay a monthly fee to a trading software provider to execute a trade."

Ludicrous!

If I pay commission to a broker, the broker is supposed to provide a trading platform with quotes and charts. I don't know why you are putting up with this kind of shit from a broker, not to mention some brokers are secretly front-running you.

Roger that. Shoot down the helicopter.

Popup: "Are you sure you want to shoot down the helocopter? Click Yes if you are sure. Click No if you are not sure. Click Fuckyou if you are angry with the popup."
 
You even admit that after the first popup that you didn't take the time to figure out what was going on so it happened to you a second time. Sorry for the loss but you really should be on top of these things before risking any significant money.
 
Quote from mg_mg:

Or use bracket order to initialize a position, then just modify the target order in the bracket order for closing out position. In this way the popup will not show up.
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Have you ever tried setting up a bracket order, not fun. Setting up a bracket order in Tradestation is a snap, also a snap in Button Trader. Why can't Interactive Brokers make TWS a snap to operate, TWS truly sucks.
 
Quote from asiaprop:

it speaks for itself to have morons like you moderate this board. Too funny!!!

P.S.: The icing on the cake is you are too cheap to pay for a data feed for products you are trading. LOL...too good being moderator and posting on ET is free of charge to you.
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asiaprop,

This is not a Goldman Sachs forum, please go and cheerlead for Goldman.
 
Quote from trade2live:

My point is WE DON'T HAVE THE TIME TO READ ANY GODDAM POPUP OR MESSAGE when trading . Is that too difficult to understand for IB development ?!!!
Any 5 year old playing video games would realize this !
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Yes, this mentality is the problem of the Click Kid video game generation.
It is like going to hunt buffaloes without learning and practicing to shoot.
It would be a waste of time, wouldn't it? One can learn it on the job.
 
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