Post of the day

[ivanbaj]

This is my journal for best post of the day.

 

[ivanbaj]

hermit

07-31-09 01:28 PM

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Quote from day/swing:

AAAAAAAAAAHAHAHAHAHAHAAHAHAHH

AHHAHAHAHAHA

that would create EVEN BIGGER slippage

oh god this is why 95% or more fail at trading

for god's sake man, you gotta be able to think
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Ofcourse, you are the smart one for posting broker reviews in the Psychology section

 

[oriol88]

Quote from ivanbaj:

This is my journal for best post of the day.

you should start before a journal with the best pre of the day.

 

[ivanbaj]

OK delete this thread. Is not working out.

 

[ivanbaj]

Can you explain what you mean I am very slow.

Do you have a limit order or a market order or what?

I see these IB orders:

DEF
MKT
BOX TOP
STP
STP LMT
TRAIL
TRAIL Limit
TRAIL MIT
TRAIL LIT
REL
REG MID
VOL

 

[ivanbaj]

Quote from day/swing:

I am glad you asked, I will explain everything to you

when you place a Stop order with Interactive brokers and you select Default or LAST price as your trigger method

your stop order will actually be executed much slower because its waiting for BID/ASK numbers to catch up, this causes you to pay greater slippage than you otherwise would

You are saying that trades are being executed at your stop price before the BID/ASK gets there but you are not being filled.

Is this correct? I trade very liquid futures. I can't comprehend this situation. Can you give me a detailed example. I have traded options and I have seen a very thin market there. Kinda getting what you are saying but not entirely.

 

[ivanbaj]

Quote from day/swing:

if BID/ASK don't catch up

YOU ARE NOT BEING FILLED DESPITE PRICE REACHING YOUR STOP

when BID/ASK do catch up, you pay at least double the slippage

take a look again at this picture

Is your STOP at 24.04?

What if there are others in front of you. Is MSFT on NASDAQ? Does it matter if a stock is on NASDAQ vs NYSE?

 

[day/swing]

Quote from ivanbaj:

Is your STOP at 24.04?

What if there are others in front of you. Is MSFT on NASDAQ? Does it matter if a stock is on NASDAQ vs NYSE?

yes if stop is at 24.04 you get screwed

and IB's TimberHill pockets the change probably

no it doesn't matter NYSE or NASDAQ this is internal scam by IB

I am sad about this, I traded with IB without problems for years