i'm playing a few onion layers deeper. it's basically the same model, but on a quicker timescale. uh...what book?
lol. Your book. I have to keep them anyway, because I don't always remember things. I keep everything important, and thus, I have no space! FYI, OHIO has been officially designated the source of the great blackout of 2003.
I went long on YM U3 @ 9392, but got shaken out...exited with a 4 pt loss. Of course, 5 min. after I exited YM was trading at 9405. -FastTrader
I've heard from IB about yesterday's fill. As the day went on, I would have had the correct fill, four points higher, but not for several hours. I do think from what they're saying that they will need to give me the four points, but I'll wait for them to figure it out. My other brokers would have given this to me, by the way, just on the basis of what IB found out thus far, and they'd have let me know within a few hours of receiving my note, too. It would never take this long to track a trade issue in my other brokerage houses. I did read the interesting article which we were told about yesterday about the batch pricing, but the person effected by that had a STOP order, and a STOP order can be dropped down as many points as... well, FAR... because that's within its rules, but a limit order to sell cannot be filled lower than the limit, only at or higher, so I don't see how they can penalize me for IB's orders not going through properly -- the order showed as transmitted on my screen (green). They might try to squirm out of it, though. Luckily it's not big bucks. Anyway, this is what they've said: Their note: Dear Trader, Thank you for your patience while we continue to investigate the issue. It appears that the revisions that you attempted to submit on 9/4 were never received by the exchange; thus, the last working price was your revision on 9/3 to 9465. Hence, this was the execution price. Our programmers are looking into the details regarding this issue, and we will forward this information to you as soon as it is received. Once again, we apologize for the delay in responding to your e-mail and thank you for your patience. If you have additional questions, please feel free to contact IB Customer Service. Regards, xxxxx IB Customer Service This is my original note: Incorrect fill I had an order in to sell x contracts YM Sept 03, for 9469, but it was filled at 9465. This was at 5:03:26 this morning. Can your people check this fill, please.
Hi, A newbie question. How does multiple contracts work? Let's say this scenario: 1. Buy 1 @9350 2. Buy 1 @9325 And now, the price is @9335 and I wanna sell the 9325 and hold the 9350. How do I specify that? Btw, I'm using IB. Thanks.
It doesn't matter which one you sell. the end result will be the same. You can't specify which contract to sell, only that you are selling one of the contracts. Just specify that you want to sell one contract at the price you want.
If you're very new to trading I don't think futures are the place to be learning, honestly. You can lose more money than you put into the buys in futures -- you can lose a lot of money that you don't even have. Please be careful. As for your question, your broker doesn't care at what price you bought anything or whether you bought them at different times or prices. They only care what you want to do with them at the time you're doing something with them. You just need to enter an order to sell one or two contracts at whatever terms you specifiy: such as, limit price or market. You decide which one you sold first, for your tax purposes. They look the same to your broker. You can keep a diary in which you're notating which you're selling, and that diary should be real-time. That will help if the IRS has questions.
i second that. don't even think about futures until you've blown up at least once with cash. at least with cash you can only lose what you put in. (this assumes you stay away from margin).