Discussion in 'Order Execution' started by Alek, May 14, 2009.
Here is proof that IB last is simply not good enough
my message to IB
IF IT AIN'T BROKEN, Do NOT FIX IT
IB keeps fixing what ain't broken, why in the world do they keep doing that
Petterfly must be a weird guy. Technical guy with an underfed brain perhaps, not a manager that can put a project together in a great way. I've seen a dozen of them in my high tech career. No project management skills, just happy horseshit technical party all day every day with as little communication with the real world as possible....
Companies are shaped by the people at the top. He's doing something way wrong there but I'm sure he is completely oblivious to it.. when he goes, it COULD change but likely it will get worse because for him it's a labor of love but the new owners will squeeze all the money out of it they can get.. and not fix anything, it happens every time...
The only reason to use a stop order is so the market cannot trade through your price...
wow you know the guy
sorry I have to disagree, with the fact that you make it sound as unnecessary
as a day trader I use stops for all kinds of strats and do have a problem with IB definition of LAST
When the LAST price touches your target but doesn't trigger (which is the case here)
if it did and you were hoping to enter, you would have gotten Better position by few points
Next time the IB LAST touches it and you get a fill, You got screwed on the slippage
WHERE AS THE FIRST TIME YOU WOULDN'T HAVE
like I said, not many real traders on this board I guess
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