IB HSI futures position data was incorrect- now i'm screwed. any recourse?

[ET99]

That's why I would not initiate new position 45mins before close.
I would try to wind down 30 mins before close.
This policy applies to both lunch close and day close.


You can get a good ride and would want to hold longer,
you can jump into a sucker rally/tank at close,
but generally I would try to avoid the excitment.

 

[dont]

Quote from gangof4:


it's like a fucking nightmare. yesterday i decided to increase size really for the first time. hadn't had a down day since the first day of january. so i lose $8,300 trading and then another $xx,0000 due to this. fuck me.

My heart goes out to I have had a similar type of situation (Its a long story) but basically had to sweat being short, and unable to do anything for a week. Of course it cost me money.

Basically its a shit one!

 

[dtan1e]

from the pre-mkt trade i think u r in deep sh*t !!!

 

[MandelbrotSet]

The open is here (8:30pm ET), so how did you do?

 

[dtan1e]

looks like gangof4 is going to experience getting ... by gang of 4

 

[Trader KGB]

Quote from dtan1e:

looks like gangof4 is going to experience getting ... by gang of 4

Does it make you feel better to mock his unfortunate circumstance like this?

 

[filter_sweep]

Using the estimate he gave in his original post, if he got out at the open, he suffered around a $10k loss. Definately not something to make fun of.

My condolences on your loss. I suffered a large loss myself Monday night with the STW contract due to my own folly (got caught short in that parabolic upmove, didn't have a stop in the book, compounded the problem by getting stubborn and averaging in). I'm feeling the pain right now, and I it sucks. I guess the only thing we can do is learn from our mistakes and make adjustments to our strategies to make sure they don't happen again.

 

[brocklanders]

Quote from dtan1e:

looks like gangof4 is going to experience getting ... by gang of 4

Be careful... Karma can be a bitch sometimes.

 

[ET99]

The best way to avoid fill uncertainty is to use Market Orders.

http://elitetrader.com/vb/showthread.php?s=&postid=1679930&highlight=market+orders#post1679930

 

[stock777]

Quote from gangof4:

the HSI is the greatest futures market in the world to trade, imo.

nut job- kinda.
manipulated as fuck- definitely.
all the better to trade- absolutely.

like i said, just picked a really inopportune time to size up in concert with a extremely poorly timed data snafu.

btw, most of my loss last night was stupidity trading the STW for the 1st time in ages- was just waaaaayyy too sure it was overbought and took on size i had no business doing. btw, it was overbought... but it got a lot more overbought and didn't pull back until after taking 5m from me.

Of course, I was referring to what it might trade like in an OFF HOURS session.