IB because they support non USD based currency and also they have fxconv
WTF IBKR
- Thread starter GotherL
- Start date
IB because they support non USD based currency and also they have fxconv
At least, take the time to actually read and understand my post before making condescending comment. I bought 1 share at market and attempted to sell 1 share at market. Look at the screenshot 1st trade was filled at $42.14, the 2nd and 3rd market orders to sell didn't go thru. Finally the 4th trade filled at 37.52. In the 2nd screenshot, you can see why my orders were rejected when I am hovering over them which are represented by the red exclamation marks.
As you can see my order was rejected because I was attempting to sell 1 share of my position. That should not happen. You don't need 2k minimum or margin to sell your position. (That's only when you go short.) The 2nd and 3rd orders was clearly some kinda mixup or glitch.
I am using Medved trader which is alternative platform to TWS so maybe it can be from their end. It's a bit iffy when 3rd party software attempt to integrate with TWS. Their api is way complicated and outdated.
Either they mistaken a sell order as a short order or a delay in realizing I already had a position. So a sell order became a short order instead.
Hope that is more clarifying to my original post!
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First of all, my remarks were NOT condescending in anyway towards you. I was trying to help you by outlining to you the margin requirement and also about the stock as I thought it was a little strange that one would require $2K of margin for shorting one share which is what I thought what you were trying to do. That's why I was asking about the stock, NOT you.
Anyway looks like it's a mixup of the stock symbol either from your alternative platform or IB that somehow the system thought you were shorting instead of closing an existing position. If you were really closing the position of the correct symbol then it might be either IB or show your alternative platform Medved communicated with IB, could be an error in the coding.
I am leaning more towards alternative platform coding. You get what you paid for ($20 a month)
Will be switching to a more expensive option in the near future.
Next time trade directly from IB with similar trades to see if the same problem happens to other similar trades. That way you can know for sure whether it's Medved or IB.
This just happened to me. The first trade is a buy limit order which got filled. The 2nd, 3rd, 4th and 5th trades are sell limit orders which didn't go through. It's very frustrating that something like this can happen when you're in a profitable trade. I would have made 10-15% profit, but now I'm down because I couldn't sell to close the trade.
It's the weekend now so IB is closed. I'm curious to know what did IB say to you about this issue? Did they blame you for this issue, or did they rectify this issue for you and compensate you for the software glitch? Thank you for your post!
TWS has a bug that makes it slow to a crawl after it's been open for too long, so I have to restart it every few hours. Not just a matter of personal opinion.
They need to hire better programmers.
I received the message below from IB on Monday. It appears that I am responsible for this blunder. As the stock increased, I may have modified the first order without cancelling it. Normally I don't do this.
There are two boxes in TWS where a trade order can be placed. There is a box on top where orders are placed and/or cancelled, and another box at the bottom with a tab called active trades, where orders can be cancelled or modified. I forgot to use the bottom box to modify the order, and instead I used the top box. That's where I got stuck. This may have been a newbie mistake on my behalf.
There are two boxes in TWS where a trade order can be placed. There is a box on top where orders are placed and/or cancelled, and another box at the bottom with a tab called active trades, where orders can be cancelled or modified. I forgot to use the bottom box to modify the order, and instead I used the top box. That's where I got stuck. This may have been a newbie mistake on my behalf.