I'm getting bad order prices

N

nwoptions

Hi all, I'm new to trading and I have a question about slippage.

I traded AOMR on Thursday May 18 and I used a limit order. The price I bought at was $8. The order was routed via the EDGE exchange. I use Interactive Brokers.

Here's the problem: when I look at Trading View's chart for Thursday, the price never reached $8. When I look at the price at the time I bought the stock, the price should have been closer to $7.64.

I then sold it on Friday May 19 at $7.45. I used a limit order. But according to Trading View, the price's low for that day was $7.47. The price at the time I sold it should have been $7.55 according to Trading View.

TradingView uses a live data feed.

How is this possible? Can you please help?

Thanks
 
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It seems you bought AOMR at an unfavorable time, because the very next day (Friday the 19th) it has paid a dividend of $0.32. So, as a newbie in that stock you were not eligible to receive the dividend, instead you have financed the dividend payment to the other holders.... You just had a bad luck and could have done better by researching it also for the impact of such dividend stuff. Dividend means it gets paid from the stock price, ie. the stock price has to decline by the same amount...
Or did you get the dividend payment? :)

Here's the historical data from YahooFinance:

AOMR_data.png
 
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earth_imperator said:
It seems you bought AOMR at an unfavorable time, because the very next day (Friday the 19th) it has paid a dividend of $0.32. So, as a newbie in that stock you were not eligible to receive the dividend, instead you have financed the dividend payment to the other holders.... You just had a bad luck and could have done better by researching it also for the impact of such dividend stuff. Dividend means it gets paid from the stock price, ie. the stock price has to decline by the same amount...
Or did you get the dividend payment? :)

Here's the historical data from YahooFinance:
More...

Thanks for the reply. I received the dividend. That's why I bought the stock. But I don't know how IB could give me a price of $8 when Trading View says the stock never traded at $8 that day.

In the future, if Trading View says the stock's price is $7.64 but IB says it's $8, should I just put a limit order in for $7.64 and hope that it gets filled?
 
nwoptions said:
Thanks for the reply. I received the dividend. That's why I bought the stock. But I don't know how IB could give me a price of $8 when Trading View says the stock never traded at $8 that day.
More...
It could simply be a bug in TradingView data, b/c as shown above in the YahooFinance data, it says the High on Thursay was even $8.08.
You better should open a support ticket and ask them too, to be sure.

In the future, if Trading View says the stock's price is $7.64 but IB says it's $8, should I just put a limit order in for $7.64 and hope that it gets filled?
More...
I would say yes, but then also watch what's really going on in Level1 quotes (ie. the top-of-the-orderbook quotes).

Addendum: it seems the TradeView data shows "adjusted historical prices", ie. adjusted for the dividend payment. similar to the "Adj. Close" column in the above YahooFinance data.
 
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@nwoptions, I think you had big luck in receiving the dividend, b/c normally the settlement time is T+2, meaning one has to own the stock at least 2 days prior the ex-dividend date (actually >1 day). In your case it was only 1 day, IMHO.
More info here.
 
nwoptions said:
Thanks for the reply. I received the dividend. That's why I bought the stock. But I don't know how IB could give me a price of $8 when Trading View says the stock never traded at $8 that day.

In the future, if Trading View says the stock's price is $7.64 but IB says it's $8, should I just put a limit order in for $7.64 and hope that it gets filled?
More...

Without the fill tickets this is a pointless exercise to figure out.

ignore earth_imperator. He’s a bozo.
 
I show a HOD on Thursday of $8.08 and multiple one minute bars (even though stonk has pathetic vol, why bother sheesh) crossing back above and below $8 level throughout the day.

Opening 1 minute bar traded 1354 shares for criss sake.
 
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