Is this stop behavior normal?

[El_Cubano]

As a general rule, you should be able to count on your trade being filled if/when the market price trades THROUGH your price. (Your price may be hit, but others in time/front will have priority on the fill such that the price moves away from you before your order gets filled in the queue.)

If the market traded through your stop price (not necessarily "stop-limit") and you didn't get filled, perhaps you need to talk to your broker.

Its not about fills...I'm not complaining about the fill price on my stop. I'm talking about the stop not getting triggered when the LAST price traded above the stop price.

Soon as the price taps the stop price it should immediately trigger and execute a market order

 

[murray t turtle]

As a general rule, you should be able to count on your trade being filled if/when the market price trades THROUGH your price. (Your price may be hit, but others in time/front will have priority on the fill such that the price moves away from you before your order gets filled in the queue.)

If the market traded through your stop price (not necessarily "stop-limit") and you didn't get filled, perhaps you need to talk to your broker.

%%
Good .
Trading can be as tough sometimes as an old hickory stick. I prefer a steel or hickory handle on a hammer , so tough, even if or when it starts breaking, many months can pass before it breaks in 2.

 

[Overnight]

Its not about fills...I'm not complaining about the fill price on my stop. I'm talking about the stop not getting triggered when the LAST price traded above the stop price.

Soon as the price taps the stop price it should immediately trigger and execute a market order

Isn't that the same thing as a MIT (Market-If-Touched) order, but without the stop connotation?

 

[zdreg]

Level of literacy has been sinking for sometime on ET. Pathetic.

 

[El_Cubano]

Isn't that the same thing as a MIT (Market-If-Touched) order, but without the stop connotation?

They are essentially the same...But again...Thats not the point I'm trying to get solved here. Trying to figure out why the order didn't trigger.

Stop orders are preferred as they are actually orders that sit on the exchange...MIT orders are held on the brokers servers I believe.

 

[Overnight]

They are essentially the same...But again...Thats not the point I'm trying to get solved here. Trying to figure out why the order didn't trigger...

Time for the def jam.

@def

 

[d08]

Execution and trigger times can vary wildly. Market orders can also be held for a long time if the price is "irregular" according to IB's algos.

 

[d08]

Soon as the price taps the stop price it should immediately trigger and execute a market order

Try a stop limit (with a limit price that guarantees execution) for faster execution.

 

[El_Cubano]

Execution and trigger times can vary wildly. Market orders can also be held for a long time if the price is "irregular" according to IB's algos.

Irregular crazy price action is not what happened here...And a market order shouldn't take a minute plus to process even if that was the case.

Try a stop limit (with a limit price that guarantees execution) for faster execution.

There is no reason a stop limit would execute faster than a normal stop order.

 

[Overnight]

Try a stop limit (with a limit price that guarantees execution) for faster execution.

Limit orders are not guaranteed executions.