IB Stops

flipflopper · May 31, 2007

Is this information publicly available? If someone places a stop order with Interactive brokers is it visible anywhere?

rayl · May 31, 2007

I don't believe any of the exchanges support native stop orders, so, probably not. To be 110% sure, verify the order types supported by the exchange(s) you're using.

LT701 · May 31, 2007

Quote from flipflopper:

Is this information publicly available? If someone places a stop order with Interactive brokers is it visible anywhere?

i swear they have to be

they act like magnets, no matter where you set them

MajorUrsa · May 31, 2007

Quote from LT701:

i swear they have to be

they act like magnets, no matter where you set them

Try setting them with a simulator, they are still like magnets. It's you

Ursa..

Bingoking · May 31, 2007

Try trading without them and see what happens.

jimrockford · May 31, 2007

Quote from flipflopper:

Is this information publicly available? If someone places a stop order with Interactive brokers is it visible anywhere?

No, your stops cannot be seen by the public. If the market seems to be able to figure out where your stops are located, so that you keep losing money on them, this is because you have a very, very bad, losing strategy for placing your stops. The market manipulates newbie traders into placing their stops at the worst possible places, resulting in losses.

stock777 · Jun 1, 2007

Quote from MajorUrsa:

Try setting them with a simulator, they are still like magnets. It's you

Ursa..

Stops are meant to be hit.

If they were never hit, you wouldn't need to use them.

stock777 · Jun 1, 2007

Quote from jimrockford:

No, your stops cannot be seen by the public. If the market seems to be able to figure out where your stops are located, so that you keep losing money on them, this is because you have a very, very bad, losing strategy for placing your stops. The market manipulates newbie traders into placing their stops at the worst possible places, resulting in losses.

And I'll add, as soon as you plac eyour stops so far away that they can't 'get you', you'll lose EVEN MORE!!!!! lol, just kidding, its an easy game.

MajorUrsa · Jun 1, 2007

Quote from stock777:

Stops are meant to be hit.

If they were never hit, you wouldn't need to use them.

You know he's talking about those stops that were just 1 tick too close and mark the reversal point of the price-movement.
The feeling that someone is watching these stops and 'taking them out' can be overwhelming. I had it too, until I noticed that they were also 'taken out' when I put them on in sim-mode, in which case they are not even at the broker, only on my own computer

.

Ursa..

GTC · Jun 1, 2007

Market makers, specialists as well as very experienced traders can make a pretty good educated guess where the most other traders' stops would be. That is why those type of stops may seem like magnets even in the simulation account. At IB, I think in fact, you can set different type of stop triggering methods, e.g., double-bid, last, etc.--some with 0.5% leeway.