Is this stop behavior normal?

Its not about fills...I'm not complaining about the fill price on my stop. I'm talking about the stop not getting triggered when the LAST price traded above the stop price.

Soon as the price taps the stop price it should immediately trigger and execute a market order

 

%%
Good .
Trading can be as tough sometimes as an old hickory stick. I prefer a steel or hickory handle on a hammer , so tough, even if or when it starts breaking, many months can pass before it breaks in 2.

 

Isn't that the same thing as a MIT (Market-If-Touched) order, but without the stop connotation?

 

Level of literacy has been sinking for sometime on ET. Pathetic.

 

They are essentially the same...But again...Thats not the point I'm trying to get solved here. Trying to figure out why the order didn't trigger.

Stop orders are preferred as they are actually orders that sit on the exchange...MIT orders are held on the brokers servers I believe.

 

Time for the def jam.

@def

 

Execution and trigger times can vary wildly. Market orders can also be held for a long time if the price is "irregular" according to IB's algos.

 

Try a stop limit (with a limit price that guarantees execution) for faster execution.

 

Irregular crazy price action is not what happened here...And a market order shouldn't take a minute plus to process even if that was the case.

There is no reason a stop limit would execute faster than a normal stop order.

 

Limit orders are not guaranteed executions.