ok lazy here it is - NO ONE HAS TO GIVE YOU A FILL. EVER are you an millennial?
OK MR. SMARTY PANT. WHAT IS A MARKET ORDER THEN? DID U LOST A SHIT TON OF MONEY GOING LONG ON BITCOINS 11/26/20 TODAY OR WHAT?
Stop Order Not Honored
- Thread starter asaladaaa
- Start date
OK MR. SMARTY PANT. WHAT IS A MARKET ORDER THEN? DID U LOST A SHIT TON OF MONEY GOING LONG ON BITCOINS 11/26/20 TODAY OR WHAT?
Nobody is saying MKT order are not filled and they can't be used, or should be or not be used. Why assume such an extreme position unless to argue? (and get Ignore listed) All MarkBrown, CESFX and others (me too) are saying it is not guaranteed. The OP assumed it was. It is not.
We gave examples of when it can happen. If you do not understand those examples (unlikely) or refuse to believe they can happen (not looking at the details of trade execution) or that you might encounter them (lack of experience), that is OK. I am sure all the experienced people have had it happen to them. As you trade longer it will happen to you too. We are just trying to save people some grief or confusion in a fast market. We are not trying to show how smart we are, or how much money we make. (BTW, most profitable traders don't brag about the boring aspect of making money.)
The OP is long gone and most likely hit a partial halt with a Sell restriction. These type of restrictions are very common. I got one on a swing trade right now. In those cases, new MKT order are rejected. The interesting case is if you have a GTC Stop (MKT) that is already accepted by the broker or exchange, and then the Sell Restrictions occurs AND then it gets triggered, what happens? It probably depends upon broker. I don't know. In general, I just cancel the now restricted order and wait for confirmation. I don't want be in limbo or risk an overfill from a possible retroactive fill, or the untimely removal of the restriction. It is better to have a clean slate for new orders, imo.
All this reminds me of the Tesla Autopilot users who assume the AUTO part means you can literally fall asleep at the wheel. We all know how that turns out sometimes. Not all the time, but sometime, infrequently, catastrophically.
We gave examples of when it can happen. If you do not understand those examples (unlikely) or refuse to believe they can happen (not looking at the details of trade execution) or that you might encounter them (lack of experience), that is OK. I am sure all the experienced people have had it happen to them. As you trade longer it will happen to you too. We are just trying to save people some grief or confusion in a fast market. We are not trying to show how smart we are, or how much money we make. (BTW, most profitable traders don't brag about the boring aspect of making money.)
The OP is long gone and most likely hit a partial halt with a Sell restriction. These type of restrictions are very common. I got one on a swing trade right now. In those cases, new MKT order are rejected. The interesting case is if you have a GTC Stop (MKT) that is already accepted by the broker or exchange, and then the Sell Restrictions occurs AND then it gets triggered, what happens? It probably depends upon broker. I don't know. In general, I just cancel the now restricted order and wait for confirmation. I don't want be in limbo or risk an overfill from a possible retroactive fill, or the untimely removal of the restriction. It is better to have a clean slate for new orders, imo.
All this reminds me of the Tesla Autopilot users who assume the AUTO part means you can literally fall asleep at the wheel. We all know how that turns out sometimes. Not all the time, but sometime, infrequently, catastrophically.
Because of nutcases like you. This thread was never about black swans and extreme events. But you made it all about it. Thanks for hijacking another otherwise perfectly fine thread. Idiot.
I am getting lots of order execution problem with IB, I believe it is server issues, all the stop loss order on a SSR stock did not get filled, so the problem is when we open buy order and stop loss market order is considered as Short Sale, this is really WRONG.
This has caused too much losses.
A big broker with so many problems
I had the same problem sometime back. But I realized I was putting the FIRST stop order through the IB app.. I reverted to putting the FIRST stop order through TWS... After that I can modify the stop order through the app if I want...
omg i lost half my bourbon drink....
op probably has a tesla and uses it just that way...
but elon i thought auto meant auto, what you mean airplane emergency landings weren't taken into account.
Out of curiosity - which stock was that if you don't mind me asking? Mainly curious how liquid it was.
Market orders are not guaranteed to fill. Here is a simple logical proof:
If there are no bids whatsoever, who is going to take the other side of your stop market order? Some crappy CFD broker might do that because they trade against you, but in the real world someone other than your broker has to take the other side.
Market orders are not guaranteed to fill. Here is a simple logical proof:
If there are no bids whatsoever, who is going to take the other side of your stop market order? Some crappy CFD broker might do that because they trade against you, but in the real world someone other than your broker has to take the other side.
