Question about IB TWS

Discussion in 'Retail Brokers' started by Vas62, Jun 24, 2003.

  1. Vas62


    I'm going to start using TWS for trading e-mini futures next week. My question is about short sell order. Action column in TWS has "Buy", "Sell" and "SellShort",but no "Buy to cover" as some brokers have. If I use "Sell" to enter short position,will it be executed as short or I must use "Sell short" option?
    Thank you in advance .
  2. Sell works just fine to open a new short position. Buy covers a short position.

    If you're long and want to close . . . sell.
    If you're short and want to close . . . buy.
    If you're flat and want to go short . . . sell
    If you're flat and want to go long . . . buy.

    I guess that about does it ;)

    You'll love TWS once you get to know it; it's the fastest and easiest interface out there IMVHO.
  3. Vas62


    Thank you .That was quick response. It seems I put it in wrong
    thread(Classified)Don't know how it happened. It has to be in futures trading.:)
  4. Send an PM to the moderator; he'll get it straightened out.
  5. Vas62


    If "sell" will act as "sell short" then there is no need for this additional "sell short", right? What's the purpose then?
  6. Right.

    I'm clueless as to why it's even there.
  7. Vas62


    Ok. Let's leave it there.:) I got your response.
    Thank you.
  8. chisel


    "sell short" is for stocks only.
  9. def

    def Interactive Brokers

    The sell short feature is for brokers/funds/banks that may using IB solely as an executing broker. As IB may not know their positions, they are required to flag their short equity trades as short sells. For our cleared clients (that's you), there is no need to use this function since we know your position and can accurately flag an order.
  10. Vas62


    Thank you for response def.
    #10     Jun 24, 2003