Hard to be consistent using "lottery" method. After all it is all about consistency and long term survival.
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Took break from trading, but I know you cannot give up
- Thread starter Make Dough Repeat
- Start date
Ah let me clarify - I made the trade, my limit order filled. My conspiracy theory is some guy on the other side had heavy fingers and put in a market order and my limit order filled since it was a thinly traded stock. The amount showed up in my account and I used it to buy other stocks. At the end of the day, the broker called and said it was a computer error that filled the orders to high/wrong price. The rule is conveniently apparently unappealable....
Ok for PACD & DRYS, looks like you didn't get rid of the stocks fast enough before it got trade-halted, unfortunately although it's so strange. They shouldn't halt the trading for no reason at all.
But for the first case, if your limit order WAS indeed filled and you have the proof that you got filled, your broker shouldn't be able to turn around and reverse the trade. They have no right to do so unless they can prove that your trade was made in fraud that somehow you manipulated their system to get the order filled or etc. They cannot reverse your trade based on their mistake; it's their mistake and that's too bad. Just like if you had done a market order that you actually didn't want to they wouldn't allow you to go back to them and demand them to reverse the trade. If you wouldn't be allowed reversal of trades in similar situation WHY should they be allowed to do so? It's them who filled your order, a completed transaction is a done deal and they are not entitled to any "cool-off period" which is only available to consumers. If any time when you do a trade and profit they can just reverse the trades on you then what's the point of trading? I would suggest you to contact the financial regulatory body regarding this. For them to reverse a trade on you for you to losing $3 million is not right.
This is very strange. You always seem to have very strange things happening to you. First you got scammed by Nanko Trading now these three cases.
Good luck!
I don't trade many stocks, but I do remember the "broken trades" type of crap (Aug 24, 2015) was a good example. Basically it makes it a risk to ever be in a trade in some security that could have a potential retroactive cancellation on one side of the trade.
Like an "out trade".
My trade went through and didn't get reversed although I was trading Forex at the time and my profit was small but still...
Ok for PACD & DRYS, looks like you didn't get rid of the stocks fast enough before it got trade-halted, unfortunately although it's so strange. They shouldn't halt the trading for no reason at all.
But for the first case, if your limit order WAS indeed filled and you have the proof that you got filled, your broker shouldn't be able to turn around and reverse the trade. They have no right to do so unless they can prove that your trade was made in fraud that somehow you manipulated their system to get the order filled or etc. They cannot reverse your trade based on their mistake; it's their mistake and that's too bad. Just like if you had done a market order that you actually didn't want to they wouldn't allow you to go back to them and demand them to reverse the trade. If you wouldn't be allowed reversal of trades in similar situation WHY should they be allowed to do so? It's them who filled your order, a completed transaction is a done deal and they are not entitled to any "cool-off period" which is only available to consumers. If any time when you do a trade and profit they can just reverse the trades on you then what's the point of trading? I would suggest you to contact the financial regulatory body regarding this. For them to reverse a trade on you for you to losing $3 million is not right.
This is very strange. You always seem to have very strange things happening to you. First you got scammed by Nanko Trading now these three cases.
Good luck!
Yep, it is a final decision that cannot be appealed. It's apparently buried in the NASDAQ rule book. I actually talked to a few attorneys about it. Kind of messed up that they have the discretion to say your trade should not of filled. Speaking of strange, here's another one. On DRYS, the day it was halted, trades went through bypassing my limit order and going to higher prices. After calling and calling TD, they claimed that they were previous orders that just filled late or some BS. NASDAQ site showed the orders and time stamps, but TD said this was just erroneously as the trades had actually executed at a different time. I still don't get that one...
What??!!! What's this rule? Can you show me? I am interested to know cuz I get orders filled all the time on NASDAQ. I don't want my order to get filled and then rejected one day JUST because they just don't want to anymore. That's f'ed up!! Nobody is allowed to recant like that otherwise what's the point of trading?
DRYS is even more weirder, how can they fill an order late??!!! That's NOT possible. Everything is filled on price, and then time. If your price was better than the other order even if that order was entered before yours, your order should've been filled for sure before theirs. They are NOT allowed to fill orders at worse price than the NBBO. Do you mind showing us the order sheet and the time & sales on that day?
What you are saying just cannot happen.
DRYS is even more weirder, how can they fill an order late??!!! That's NOT possible. Everything is filled on price, and then time. If your price was better than the other order even if that order was entered before yours, your order should've been filled for sure before theirs. They are NOT allowed to fill orders at worse price than the NBBO. Do you mind showing us the order sheet and the time & sales on that day?
What you are saying just cannot happen.
Straight from TD "Thank you for contacting TD Ameritrade. We truly appreciate this opportunity to assist you. The prints you see exceeding your limit price are marked with the OOS(Out Of Sequence) qualifier meaning that the trade were not executed at the time they are being reported."What??!!! What's this rule? Can you show me? I am interested to know cuz I get orders filled all the time on NASDAQ. I don't want my order to get filled and then rejected one day JUST because they just don't want to anymore. That's f'ed up!! Nobody is allowed to recant like that otherwise what's the point of trading?
DRYS is even more weirder, how can they fill an order late??!!! That's NOT possible. Everything is filled on price, and then time. If your price was better than the other order even if that order was entered before yours, your order should've been filled for sure before theirs. They are NOT allowed to fill orders at worse price than the NBBO. Do you mind showing us the order sheet and the time & sales on that day?
What you are saying just cannot happen.
Straight from TD "Thank you for contacting TD Ameritrade. We truly appreciate this opportunity to assist you. The prints you see exceeding your limit price are marked with the OOS(Out Of Sequence) qualifier meaning that the trade were not executed at the time they are being reported."
Ok their price and your price? And the time that their order was sent in and the time your order was sent in? Order execution is first-come, first-serve if price is the same; they can't just execute their order and not yours if your order was sent to their server first regardless when they want to report the trade.
Yep, that is what I thought too. They said based on the above I wasn't due a fill. Trust me, I am super pissed but what can I do. That was their response, I even sent a screen shot of the nasdaq official time and sales website. They are trying to tell me those are orders from a different time that are just listed at the times they say. It's really wtf type stuff to me.Ok their price and your price? And the time that their order was sent in and the time your order was sent in? Order execution is first-come, first-serve if price is the same; they can't just execute their order and not yours if your order was sent to their server first.
Yep, that is what I thought too. They said based on the above I wasn't due a fill. Trust me, I am super pissed but what can I do. That was their response, I even sent a screen shot of the nasdaq official time and sales website. They are trying to tell me those are orders from a different time that are just listed at the times they say. It's really wtf type stuff to me.
Well no sending them the NASDAQ time & sales means nothing, what matters here is the price and time when the order was sent to the TD server. 1) What was your price and THEIR price??!! And 2) TD needs to give you the time that their order was sent to the TD server and the time when your order was sent to the TD server. If they are not willing to give you, you are going to have to contact the regulatory body to make a complaint and/or sue them so their records can be subpoenaed. That' the only way you can pursue it.
If you PM me with the exact time, size, and price of your order, as well as the fills (time/price/size) you think you should have gotten, then I should be able to tell you what happened (and verify the broker's claim..or reject it) by looking at the data from my end.Straight from TD "Thank you for contacting TD Ameritrade. We truly appreciate this opportunity to assist you. The prints you see exceeding your limit price are marked with the OOS(Out Of Sequence) qualifier meaning that the trade were not executed at the time they are being reported."