Was it actually limit down when he went long or was it slightly above (bounced or not there yet). There were a few glitches up in the first 1hr 15m after it touched down. It would certainly be nice to get a warning message ... but man, that is one flat line.
If IB can send notices stating stocks from F through T are not available for trading in an exchange you have never heard of, they can do this too.
I was within minutes. When the long position was taken it was within a minute or so that an attempt to exit one contract in the future alerted us. IB Switz was called and they could not exit either on limit or market and then after several minutes they advised that the market was locked on limit down and that the new position could be exited only in the form of a working order when the market opens. That position should have been denied as the market is locked. What I believe ethics wise is that IB and or any broker should advise the trader of the current situation. w w w
Who doesn't bother to at least glance at a chart before you place a trade? The flatline would have been the dead giveaway.
Anybody can still go long even now at the limit price.. that's how it works. You should have known that all along. Shoot, I've seen the limit price be THE low of the day. Could be the same today, you know.
Why don't you know the price limits on all the markets you trade? That's a pretty basic requirement of professionalism for any trader. If you want to be baby-sat, get a full-service broker, not a discounter. Yes it could be an improvement to have a limit-down alarm, but to say it is unethical not to have one is ridiculous bleating.