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mastertrader456

Registered: Aug 2011
Posts: 175

01-08-12 05:44 PM

Why didnt you file an erroneous trade? It would have been broken. You gotta know these things.

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Bob111

Registered: May 2002
Posts: 6474

01-08-12 05:47 PM

lwlee-if you look at the trades themselves (dig a bit deeper than quick look at the chart)(-you will find out that those prints are away from market. ie-away from current bid\ask. could be prearranged trades or whatever.
i did propose filter to get rid of those trades to IB long time ago..only if they listen..

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taowave

Registered: Apr 2006
Posts: 743

01-08-12 06:43 PM

If the stock is indeed NFLX,it closed at 86.29.in AH,OP covered 400 shares at at avg price of 86.52.the AH close is 86.49.

So,the OP got picked off for 92 dollars and feels totally screwed?

I would focus on the ten point hickie ($4000) as opposed to accidentally lifting an offer AH

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bh_prop

Registered: Feb 2006
Posts: 267

01-08-12 06:56 PM

Not true.

A 76 stop LIMIT bid would still be sitting out there smoking the hopeium pipe. Imo OP mistakenly placed a 76 stop order which then converted to a market order since price was above 76.

Quote from NvrSettLe:

It was most likely your mistake and I can almost guarantee if you check the logs again you will see that you entered a buy STOP limit instead of a buy Limit. You chose the wrong order type. A buy stop limit would protect you if your short position exceeded a certain price and then would become a market order. In this case you entered a buy stop limit order at 76 but since the stock was already trading above that price it was automatically triggered and became a market order and filled at the price that was currently available.

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Magellan

Registered: Apr 2011
Posts: 46

01-08-12 07:09 PM

Either way, this guy didn't lose $10 / share, he just didn't make $10 / share as he planned to. Not sure how he can calculate a 4K loss from this.

Magellan

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zdreg

Registered: Oct 2003
Posts: 8429

01-08-12 07:38 PM

Quote from bh_prop:

Not true.

A 76 stop LIMIT bid would still be sitting out there smoking the hopeium pipe. Imo OP mistakenly placed a 76 stop order which then converted to a market order since price was above 76.

there are no market orders in after hours. you shouldn't post if u don't know the rules.

"NoDoji

Registered: May 2008
Posts: 7129

01-08-12 12:12 PM

All this arguing about market orders isn't relevant to after-hours trading. Market orders and stop orders aren't active in the AH sessions; only limit orders are."

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