Hi there, Experimenting trading NQ on IB still... Today, as a trade hit my mental stop, I placed an order to Sell at Market...and my trade went through 5 minutes and 6 points against me later!! Are these occurrences normal? What can I do about it? I thought market orders are pretty fast getting out positions. Not sure if this is an IB or Globex issue. Just a bit frustrated and freaked out. Any thoughts appreciated.
Just got a bulletin from IB. Between 10:48-10:55 Globex experienced problems that resulted in slow order response. It is now fixed.
Did this punish anyone else? I lost several hundred in that 5 min as the NQs dropped precipitously. I suppose too, because it was a "GLOBEX system failure", neither trailing stops or a backup broker would have helped. I think I need a nap now.
Nothing can be done about it. It doesn't happen very often, though. Globex is a very stable system -- at least, it has been
What's your worst loss on a Globex outage? I "only" lost 6 points, but I was pulling my hair out. And is this an IB problem, or general Globex problem? Obviously the market was moving during that period, so I would guess it's an IB one?
Nailed me for $1,400 this a.m. Bastids. I also used up two trading days worth of Depends, now Im short for tommorrow.
Hey Banjo, Has this happened to you before? How long have you been trading E-Mini? This is only my 4th day of experimenting with NQ, and I almost reached for the Depends too.
I lost 5 ES points. The outages always occur before a big counter move Globex doesn't go down that often in my limited experience.
I've been trading on Globex for 1 year, and have had this happen twice. My biggest loss was $500 on 1 contract when I couldn't exit the position. The trade I was in this morning was a swing position, and I didn't get an exit signal until after Globex was back in gear. I got lucky this time.