IB: I shorted 1 mini SP; IB says I'm down more than $10,000

I have traded with IB for over 15 years now and hardly ever has accounting been wrong. With almost 100% certainty you made a mistake here.

Q.E.D. said:
Another IB problem I've had for a while. Attached, I sold 2 e-minis, one was liq from a low purchase over night, but then went short one at 4312.00. Another photo attached, shows mkt droped to 4311, which would represent minor OTE of plus $5.00. [On plus side, the Dly P/L is oddly correct.]View attachment 276516 View attachment 276517 View attachment 276516 View attachment 276517

But IB shows Unrealized of minus $10,700, because IB showed Avg Price of 2155.95. The gross value of 1 e-mini, approx $21,560, & even with recent volatility, SP does not drop 50% in a few minutes.

I sold additional contracts, & inaccurate accounting continue, although often after 2 or 3 contracts, the Avg Price & Unrealized correct. But keeping track of P/L while trading, virtually impossible.
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You traded with IB for 20 years and are unhappy with them for a long time and kept looking for other brokers all along? Sorry but this sounds like you love to torture yourself or made up a big story.

Q.E.D. said:
I've given-up dealing with IB tech support. Have traded with IB for 20 years, and keep looking for other brokers.
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Clark Bruno said:
You traded with IB for 20 years and are unhappy with them for a long time and kept looking for other brokers all along? Sorry but this sounds like you love to torture yourself or made up a big story.
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Clearly you are a psycho-analyst, & can achieve that via some e-mail messages. Too funny, if not so pathetic.
 
I agree. What You are seeing happen sometimes to me as well. What I do to track daily P&L is via the net liquidation value which is always correct. If You trade Asian stuff is easy get the daily P&L screwed up due to the time of instrument specific reset
 
Clark Bruno said:
You traded with IB for 20 years and are unhappy with them for a long time and kept looking for other brokers all along? Sorry but this sounds like you love to torture yourself or made up a big story.
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More: Very odd, you are more concerned with my psychology, rather than IB, tech issues, mkts, etc., etc. Good luck with your therapy.
 
Daily Pnl is not screwed up but impacted by the daily resets for each instrument as you said. I would not call that screwed up but intentional and in some use cases this makes perfect sense. Not saying IB is perfect but some want to nag about every nitty gritty detail.

Collagen said:
I agree. What You are seeing happen sometimes to me as well. What I do to track daily P&L is via the net liquidation value which is always correct. If You trade Asian stuff is easy get the daily P&L screwed up due to the time of instrument specific reset
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No, I find it amusing that you make an elephant out of a mosquito. And then attack everyone who corrects you.

Q.E.D. said:
More: Very odd, you are more concerned with my psychology, rather than IB, tech issues, mkts, etc., etc. Good luck with your therapy.
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I've had incidents with IB where realized profit was way off.....earlier this week I bought an ETF....then 3 days later I bought some more of the same ETF....then a 2 days after that I sold half of the position, and then sold the remaining shares the following day.

The trade was profitable, but IB "realized profit" said I had lost $5500 on it. Second time I have experienced this type of error. Usually happens when I buy the same security twice without liquidating and then liquidate the positions on different days.
 
angrytrader said:
OP is a star, one of a kind. 20 years trading with IB and still trying to understand the unrealized PnL.
First trader I know that sleeps listening to a market price, and we thought that the Chinese water torture is insane.
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To be clear, I have no beef with the OP and he seems like a great guy, but this was f**cking funny. :)
 
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