bluedemon77
Guest
Quote from 4DTrader:
You had a position open and IB didn't recognize it? That's horrible!!! There is another thread about a trader's nightmare: the broker (IB?) didn't show the trader's order to close his position, so he entered again. The next moment he looked at his account, he found he was in a deep shit hole with that second order. He was supposed to be flat, now he held a losing position as the market went against him overnight.
Scottrade is good and saved me several times when I entered the wrong order, the system automatically rejected my order which went beyond the buying limit.
TWS did recognize the position, just not immediately. Some kind of technical hiccup I guess. I used Scottrade two brokers ago. They have different problems making them not worth the extra commissions to me.
