IB: I shorted 1 mini SP; IB says I'm down more than $10,000

Discussion in 'Order Execution' started by Q.E.D., Jan 27, 2022.

  1. jys78

    jys78

    I'm not sure about that. I'd say listening to audio price ticks all night, combined with taking pictures of a monitor are much more interesting than any trivial detail of IB interface.
     
    #11     Jan 27, 2022
    daniel5198 and benssol like this.
  2. Q.E.D.

    Q.E.D.

    Perhaps, but I'm quite use to hearing prices overnight. I rarely take photos of screens, nor even capture tools, but showing a 50% loss on a futures position in a minute, is more disquieting.
     
    #12     Jan 27, 2022
    comagnum and benssol like this.
  3. If OP is really living like this, then he would need to be making at least 5 million/year to justify the hit on quality of life. Since he is trading MES, I believe he is not.
     
    #13     Jan 27, 2022
  4. Q.E.D.

    Q.E.D.

    IMO, no hit on quality of life. But impressive how you are able to translate whatever impact to a dollar figure. Thus far, that has eluded the various sciences.

    E-minis permit scaling in / out of positions. Years ago, pre-e-mini, I traded much larger the big SP, but of course at much lower prices.

    And actually, most of my positions overnight are SPY puts/calls. 2 e-mini = 1 option, so relatively easy to cover, at least 'til 4 am when cash SPY trades, via IB can cover cash SPY, & close-out my option position -- only done if remaining prem in option is low, but I usually trade deep in-the-money options.
     
    #14     Jan 27, 2022
  5. It's true that the micros (MES/MNQ) allow for better risk management.
     
    #15     Jan 27, 2022
    comagnum likes this.
  6. Q.E.D.

    Q.E.D.

    Sorry, had referred to micro, as mini, and yes, better risk mgmt, and esp in these mkts, with almost record intra & overnight swings, it provides some edge.
     
    #16     Jan 27, 2022
    jys78 likes this.
  7. wrbtrader

    wrbtrader

    Have you telephoned IB about your problem with what they're showing for your account status in their trade execution platform ???

    wrbtrader
     
    #17     Jan 27, 2022
    shuraver, daniel5198 and jys78 like this.
  8. Q.E.D.

    Q.E.D.

    I've given-up dealing with IB tech support. Have traded with IB for 20 years, and keep looking for other brokers.
     
    #18     Jan 27, 2022
    terzioglu likes this.
  9. wrbtrader

    wrbtrader

    Seems like you're going to accept whatever debit they make to your account.

    wrbtrader
     
    #19     Jan 27, 2022
  10. Q.E.D.

    Q.E.D.

    Not a real debit, just a bug in display in BookTrader. Very annoying, and distracts from trading, but no real world change in balances.
     
    #20     Jan 27, 2022
    jys78 likes this.