Question about lawsuit for broker

lasner said:
I requested a stop loss on the silver future and how to set it up. They fully complied on how to set it up. With their platform, the stop starts out checked and you have to uncheck the stop loss in order for it to go into effect overnight. If you don't uncheck it, the stop won't go in overnight just during regular trading. Which makes no sense. Why not set it up it automatically so that it goes into effect overnight and they won't have this problem. So let's say, if you uncheck it, it won't go into effect and if it's checked it goes into effect, basically the opposite of how they have it. I told them that and they are like - "Yeah, gee, that's a good idea". How am I supposed to know you have to uncheck it. Luckily, like I said, I'm just glad it wasn't a huge amount.
More...

Can you post a screenshot of what you have to uncheck? This is the most bizarre thing ever.
 
DevBru said:
He probably placed a day order instead of a GTC and now he is trying to blame someone else for not checking the settings of his order.

He deserved his loss, only a complete idiot would open a position without knowing how to protect it.
More...
Dumb ass it's a future contract. Not an equity. And funny, you don't understand probability theory. You don't win in trading, no one does without intel. Let me guess you are a pro trader or a moron that hangs out on this website that thinks he can trade and beat probability.
 
lasner said:
You have an overnight market in silver. After hours
More...

I have been around since 1998, so I know a few things. Like you complaining for not clicking this:
IB.png


WHO IS YOUR BROKER???

If $6K is worth suing someone, you should NOT be involved in trading...
 
lasner said:
Dumb ass it's a future contract. Not an equity. And funny, you don't understand probability theory. You don't win in trading, no one does without intel. Let me guess you are a pro trader or a moron that hangs out on this website that thinks he can trade and beat probability.
More...

Are you now trying to say there is no such thing as GTC and day orders in the futures market while calling me a dumb ass?

https://www.cmegroup.com/education/courses/things-to-know-before-trading-cme-futures/futures-order-types.html#:~:text=Typically, futures orders are submitted,order does not get filled.&text=These orders are typically called,or the order is filled.

https://prnt.sc/12va4t0

12va4t0

Too bad you didn't lose your entire account, you really did deserve it.
 
Last edited:
lasner said:
If you don't uncheck it, the stop won't go in overnight just during regular trading. Which makes no sense. Why not set it up it automatically so that it goes into effect overnight and they won't have this problem.
More...

Silver is not very liquid overnight, so a default order time of regular trading hours might not be a bad idea.
upload_2021-5-12_23-6-42.png
 
ChipShotTrader said:
I have been around since 1998, so I know a few things. Like you complaining for not clicking this:
View attachment 258793

WHO IS YOUR BROKER???

If $6K is worth suing someone, you should NOT be involved in trading...
More...

SI regular trading hours are Sunday - Friday: 00:00 - 17:00 18:00 - 23:59 ET so I doubt this was the issue. Unless IB defines the regular hours for SI different from the CME.

It seems more likely that time in force was day instead of GTC.
 
lasner said:
Dumb ass it's a future contract. Not an equity. And funny, you don't understand probability theory. You don't win in trading, no one does without intel. Let me guess you are a pro trader or a moron that hangs out on this website that thinks he can trade and beat probability.
More...

Another quote, dumb ass. This time from IBs website directly.

"Time in Force for Orders

The time in force for an order defines the length of time over which an order will continue working before it is canceled. We support the following time in force options:

DAY - A Day order is canceled if it does not execute by the close of the trading day. Unless otherwise specified, every order is a Day order.

GTC - A Good-Til-Canceled order will continue to work within the system and in the marketplace until it executes or is canceled by the customer."
 
DevBru said:
Are you now trying to say there is no such thing as GTC and day orders in the futures market while calling me a dumb ass?

https://www.cmegroup.com/education/courses/things-to-know-before-trading-cme-futures/futures-order-types.html#:~:text=Typically, futures orders are submitted,order does not get filled.&text=These orders are typically called,or the order is filled.

https://prnt.sc/12va4t0

12va4t0

Too bad you didn't lose your entire account, you really did deserve it.
More...

@lasner has officially passed away (he led a Full Life at less than 2.5 hours). Keep him, and his family in your prayers...

RIP @lasner
 
You must log in or register to reply here.
Back
Top