Time limit for someone to claim erroneous trade.

"If it were me, I'd trade against the position to establish a profit. "


Are you referring to my case?? How do you trade against a position when you don't know if it will stick? Sounds exciting.:)
 
Originally posted by vhehn
"But if it was done prior to or after regular trading hours, then the trade stands unless you agree to break it.
RS7"

not true.been there done that.here are the rules.every ecn has there own rules:

OK, guess I stand corrected. Not the first time I have been wrong.

Thanks for clearing it up!

:)RS7
 
Originally posted by thetraderprofit

If it were me, I'd trade against the position to establish a profit.
this situation does not apply to me, but i'm still interested in it. what is meant by the above quote?

say i wanted to go long DELL and it's trading around 15, but i was able to buy it at 5. nobody is complaining to me yet. now what?
 
Originally posted by Gordon Gekko

this situation does not apply to me, but i'm still interested in it. what is meant by the above quote?

say i wanted to go long DELL and it's trading around 15, but i was able to buy it at 5. nobody is complaining to me yet. now what?

Cover ...
 
Originally posted by metooxx


Cover ...
so, although your intent was to go long, you would establish a short position from 15 and then cover? why not just sell the shares at 15?
 
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