Please Help - Etrade cost me $2,500 today

Quote from bloosteak:

I'm on IB, I'd recommend it. It has the best prices :)
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Bwaahahaa!!

Hmmm ... bloosteak = bluestreek ??? Maybe. Lord help us!
 
IB says on the page for usa residents only so I cant use them.
Who is the best after them for dow emini etc futures.
Id prefer a platform not browser based and direct access not IB any suggestions would be helpfull.:)
 
Quote from tradermike88:

Hi,

I bought 500 shares of IBM about 5 minutes before the close at $99.45. I then placed an order using their "auto" ecn to sell these 500 shares at $99.65. I was trying to make a play on the volatility from the earnings release afterhours. A few minutes after the market closed I cancelled the order to sell the 500 shares at $99.65 because I wanted to make sure that INET was used as the ECN. I then tried submitting my INET sell order several times and it got rejected saying I did not own the shares to sell. I looked at my original order and it was frozen as pending to cancel. I tried to cancel it repeatedly and during that time the earnings came out. I tried cancelling it and repeatedly submitting sell orders, but it was frozen for about 10 minutes at this point. I then got called etrade in a panic and evenutally got throught to their trade desk. Finally, after being put on hold for 10 minutes the trade desk rep came on and said he had killed the original order so that I could now sell my shares. I said "are you kidding". My order has been frozen for 20 minutes & this cost me $2,500. He agreed that it was their fault that the order froze and I could not sell my shares for 20 minutes and said he would file a trade dispute. Has anyone had similar experiences? I am really upset about this situation and don't know how to proceed. They said they will get back to me in 24 hours. I am wondering what happens in these circumstances usually. Is it possible that the market maker who was given the order to sell my shares held off on cancelling it so they could fill it if the price shot up and leave me hung out to dry if it crashes?

Thanks,
Mike
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The real problem here is you are taking a position in a 99 dollar stock into an earnings release to make 20 cents? That might be one of the worst trading ideas I have heard of in a long time. Next time buy a plane ticket to Vegas and put 100 bucks on black on a roulette wheel.......basically the same thing you attmepted with that trade. Horrible trade.
 
Quote from angryangry:

IB says on the page for usa residents only so I cant use them.
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Are you sure? IB supports traders from many countries - I've seen posts here about them from people in Europe and Asia - and their web site shows they have a division in Australia.
 
Quote from EPrado:

The real problem here is you are taking a position in a 99 dollar stock into an earnings release to make 20 cents? That might be one of the worst trading ideas I have heard of in a long time. Next time buy a plane ticket to Vegas and put 100 bucks on black on a roulette wheel.......basically the same thing you attmepted with that trade. Horrible trade.
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to try and make 20 cents no less. i dont see the risk/reward in that trade.
 
angryangry,

List of countries of our customers (> 150) is pretty close to United Nations members list. Where did you see this "US only" on our site?
 
Quote from EPrado:

The real problem here is you are taking a position in a 99 dollar stock into an earnings release to make 20 cents? That might be one of the worst trading ideas I have heard of in a long time. Next time buy a plane ticket to Vegas and put 100 bucks on black on a roulette wheel.......basically the same thing you attmepted with that trade. Horrible trade.
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How's this sound (this was actually recommended by a friend several times)..."all you gotta do is buy a million shares of a stock and when it goes up a cent sell the million shares", no joke!
 
Ok I misunderstood it,
What I mean is to use it here I have to go through some company called Timberhill Pty Ltd
(Introducing Broker for Interactive Brokers in Australia)
and I have to give them my tax information because they are in Australia.
What I mean is I cant use Interactive Brokers USA, I need a broker NOT in my own country so this leaves out Interactive Brokers and Man.
What about Eminidirect?
Eminidirect is an IB for Vision LLP are these any good?Of course I dont really want an IB I want direct access like Farr without the ridiculous commissions and mistakes.Farr you gotta get at least 10 points to make $50 with 2 contracts cos it works out like $25.10 for RT for one emini Dow contract how pathetic is that!!!
 
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