Limit Buy keeps filling at higher than Limit

Discussion in 'Order Execution' started by michaelingram, Mar 3, 2022.

  1. %%
    IBKR, like SCHW, tends to get price improvement, over time;
    even though AMR is a semi liquid stock+ a market order [ exit] could get price improvement of $1.
    MOST likely you made a mistake, includes you comission??
    I thought today =wow i got an amazing price improvement on a semi liquid ETF; but actually it was in my email,[which i dont check often]
    It was a settlement date of 3/7-22. I simply read it wrong:D:D
    Good profitable trade on AMR/its flying sky hi;
    if it was me i would exit before what they call ''buy monday ''\because so much goes down on monday. AMR may may uptrend all month of MAR , so not a prediction:caution::caution::caution::caution::caution:/:cool::cool:
     
    #11     Mar 3, 2022
  2. TheDawn

    TheDawn

    I would check if that price included commission. If your limit order price is $113.64, it should be filled at $113.64 or lower, not higher regardless of the market unless it's a stop-loss order. Since a stop-loss order is essentially a market order, it would have the possibility of being filled above the price indicated in a fast market but not a limit order.
     
    #12     Mar 4, 2022
    rb7 likes this.