Trying to understand this correctly: You're entering Market on Open orders or Limit orders but stock opens below your limit order and you feel you're getting a bad fill price? I would possibly suggest opening a prop account enter the trades you want then simply buy/sell to yourself from one account to another. When I traded full time, I never had any issues with fills. I always saw the bid and ask pre-market and once the trading started it pretty much began there and moved from there (quite quickly at open). However, it took me just a fraction of a second to enter or exit a trade.
To be honest at first - with all the condescending comments, I was going to just fuck off. But, in real life - as if I encountered you on the street in my youth and you insulted me - I would punch your teeth down the back of your throat. This behaviour of course put success and progress in life at a snail's pace. The advantage was I quit or got fired from many jobs in my field and ending up out of necessity living and working in every province in Canada - giving me a wealth of experience and knowledge I would not otherwise had. The disadvantage is this hindered financial gain as I was never grounded. So I will respect everyone's negative opinion that my style is trading is shit and should seek to form another strategy, just as I would not judge any of your fat/weak individuals and just help you design a fitness program to make you progress. Having my contract cancelled due to the Corona Virus has added to my stress so I thank you for helping me 'man up' and take it on the chin. You are right and I am wrong - work must be done. Again thank you.
So much bullshit here. @ArtofWAR you make 300k as an oil consultant but you are an expert in nutrition, body re-composition, hormones blah blah blah for 37 years. You can't even get your story straight. Do you work in the oil field or are you a fitness trainer? Nice backhanded comment here too. Clearly we all have gotten inside your head.
Ok, but how do you KNOW that you had bad fills? Have you checked your trades against tick data and seen that you are getting systematically disadvantaged compared to NBBO at the time of your order? Trading, especially intraday trading, is a meticulous business with razor thin margins. If you are not an expert in execution or you don't have big edge, you will get chewed up and spit out. You may want to consider a variation on your strategy where you enter at the close (when I say the close, I mean the closing auction, using a MOC order) after your catalyst, and hold till the next close or even multiple days. This basically guarantees you will not get a bad fill.
What do you consider a terrible fill? What are you trading and what type of orders do you use? I traded with IB for years and never had a problem. Or at least what I considered a problem. I consider slippage part of the trading equation. I traded stocks, EFTs and E Minis.
I guess that's why they pay me from $85 - $120 hrs for my skills as a OIL Field consultant, I ALREADY mentioned I don't train people for a living. The details nicklenutz, the details
It's very simple - The first 15 min of NASDAQ action. I buy the first pullback with a market order as I have no other choice because I need the fill and its moving too fast for limit orders. I'm with Scotia Itrade. I takes 30 secs to get a fill 15% higher than when I hit buy. I instantly go to sell as the green candle is at its peak - doesn't sell for 20 secs until half-way down the next red candle. Smart routing - sells order flow or I should say 'HUNDREDS' of people opinions on the internet, I'm not expert just researching. CenterPoint has quick routes for this type of trading like their FAN Route. The response I was looking for was if people had used direct routing with IB and found it faster. If I asked the question directly - I wouldn't of got an organic answer. Ross Cameron (I follow his style of trading) has mentioned Direct routing didn't speed up his fills with IB. Just fishing gentlemen. I'm not stupid as some of you ass clowns are suggesting. I have sent a email to cancel my membership so don't worry I'm gone - just going fucking crazy stuck in the house and dieting hard which is messing with your head. I'm normally wouldn't bother asking for anyone opinions as I see the results haven't changed. There are nightmare stories for fills with tradezero and IB so the only choice for my style of trading is CenterPoint. Never trust a man than won't admit he faults.
I use Questrade now. I have never waited more than a second for a market order to fill. What are you trading? I'm using triple leveraged ETFs SPXS and SPSL. Trading the open.