Hello, can anyone tell me if TradeStation gives LDLU, also spelled LULD, information for each stock? LDLU is "Limit Down, Limit Up". Some brokers call it LULD for "Limit Up, Limit Down." It's the same thing.
TradeStation - LDLU (LULD) Information?
- Thread starter Cypherdude
- Start date
In level2 you will see a price level with a "LULD", for example "12,27 LULD" in the bid colum, that means that if the stock goes down and touches that price and stays there for few seconds (I´m not sure what the exact number of seconds is), the stock will be halted and will start a volatility auction.
Correct, for example Das Trader Pro software, I believe, will have "LD" on the Bid side and "LU" on the Ask side. Das Trader Pro will also have LDLU dollar amounts above the Level 2 columns. When a stock hits Limit Up or Limit Down, above the L2 columns will change to say "Trading Paused!" and all retail trading will stop/freeze.
When a stock hits either LD or LU on the Bid or Ask side, respectively, the stock will halt for retail traders. IMHO, this is where trading becomes unfair, rigged even, against retail traders. Even though trading is halted, once the stock resumes trading 10 minutes later, the stock price can sometimes be substantially different from before the halt. I believe the stock keeps trading for the bigger players, possibly in dark pools. I'm not exactly sure where. The point is, if you are in a trade and hit a trading halt, if you are in the wrong direction, you could lose 20%, 30%, possibly even 40% of your position.
IMHO, this is why having LDLU (LULD) information is so important. If you get stuck in a trading halt, you are probably going be hurting. Smaller retail traders need to be able to dodge around these halts. BTW, beginning this year, 2020, I believe the trading halt levels have been made even smaller by the SEC. IMHO, this has rigged trading, either intentionally or unintentionally, even more against the smaller retail traders.
I believe neither TD Ameritrade, E*Trade, nor TradeStation will tell you where the LDLU levels are. This is surprising considering how critical these levels are to retail traders. If I am wrong about E*Trade or TradeStation please LMK but I have never seen LDLU on them. If I discover they have them I'll post it here.
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The above was my opinion. I make no recommendation either for or against brokers, software and any investment instruments. You and you alone are responsible for your investments and trading.
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You should never get caught in a halt. So many think they hit the band and your stuck but that is so not true. Once a stock hits the band you have 15 seconds to exit as the stock has to stay at that level without moving for 15 full seconds. Plenty of exit time
I'm using MedvedTrader, www.medvedtrader.com you can add an indicator to a chart that will plot the LU/LD price minute by minute. Kinda cool watching the price touch the limit line and then trading halts.
I'm not seeing L2 in STP. I have * LULD added to L2 Makers field and the checkbox highlighted specific market makers. When a ticker is halted and unhalts it doesn't show LULD levels in my L2 box. I have Nasdaq Total View market data. My most recent version of STP is 12.17.2. Any idea why I can't see LULD in L2? My broker previously blamed it on my processor. I have an Intel I3 2.20 Gz with turbo boost. I used the same laptop and processor with various version prior of STP and had * LULD added to L2 makers field and the checkbox in the highlight specific market makers and was able to see LULD in L2. I'm not sure why I can't now.
I searched for STP but could not find it. I do know what NASDAQ Total View is. I don't know if STP is a software platform or a feature of NASDAQ Total View.
I highly doubt you are not seeing L2 because of your i3 CPU. I think your broker tech support simply read the system requirements and then blamed it on your i3. Your laptop might run slow or sluggish but I doubt it will stop you from seeing LULD.
What is STP? Is it browser-based? Give me a link.
I agree. Sterling Trader Pro platform. The broker is saying it's my processor. In the video I sent somehow * LULD was not in the Makers field and nor was a checkmark in the highlight specific market makers box. I know I had saved those prior. I re-enabled them and I didn't see LULD in L2 after the ticker unhalted. The broker is saying that I wouldn't see LULD in L2 after the resumption of a halt. I don't think that's accurate. If I recall a ticker will show LULD levels on the ask/bid after resumption. What should I do?
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