Question about lawsuit for broker

Discussion in 'Retail Brokers' started by lasner, May 12, 2021.

  1. lasner

    lasner

    You have an overnight market in silver. After hours
     
    #21     May 12, 2021
  2. FTDK

    FTDK

    Can you post a screenshot of what you have to uncheck? This is the most bizarre thing ever.
     
    #22     May 12, 2021
  3. lasner

    lasner

    Dumb ass it's a future contract. Not an equity. And funny, you don't understand probability theory. You don't win in trading, no one does without intel. Let me guess you are a pro trader or a moron that hangs out on this website that thinks he can trade and beat probability.
     
    #23     May 12, 2021
  4. I have been around since 1998, so I know a few things. Like you complaining for not clicking this:
    IB.png

    WHO IS YOUR BROKER???

    If $6K is worth suing someone, you should NOT be involved in trading...
     
    #24     May 12, 2021
  5. DevBru

    DevBru

    Are you now trying to say there is no such thing as GTC and day orders in the futures market while calling me a dumb ass?

    https://www.cmegroup.com/education/courses/things-to-know-before-trading-cme-futures/futures-order-types.html#:~:text=Typically, futures orders are submitted,order does not get filled.&text=These orders are typically called,or the order is filled.

    https://prnt.sc/12va4t0

    [​IMG]
    Too bad you didn't lose your entire account, you really did deserve it.
     
    Last edited: May 13, 2021
    #25     May 13, 2021
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  6. ph1l

    ph1l

    Silver is not very liquid overnight, so a default order time of regular trading hours might not be a bad idea.
    upload_2021-5-12_23-6-42.png
     
    #26     May 13, 2021
  7. kmiklas

    kmiklas

    Sounds like you set it as a DAY order instead of a GTC (Good Till Canceled) order.
     
    #27     May 13, 2021
    DevBru likes this.
  8. DevBru

    DevBru

    SI regular trading hours are Sunday - Friday: 00:00 - 17:00 18:00 - 23:59 ET so I doubt this was the issue. Unless IB defines the regular hours for SI different from the CME.

    It seems more likely that time in force was day instead of GTC.
     
    #28     May 13, 2021
  9. DevBru

    DevBru

    Another quote, dumb ass. This time from IBs website directly.

    "Time in Force for Orders

    The time in force for an order defines the length of time over which an order will continue working before it is canceled. We support the following time in force options:

    DAY - A Day order is canceled if it does not execute by the close of the trading day. Unless otherwise specified, every order is a Day order.

    GTC - A Good-Til-Canceled order will continue to work within the system and in the marketplace until it executes or is canceled by the customer."
     
    #29     May 13, 2021
    FTDK likes this.
  10. @lasner has officially passed away (he led a Full Life at less than 2.5 hours). Keep him, and his family in your prayers...

    RIP @lasner
     
    #30     May 13, 2021
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