Weirdest Execution

Discussion in 'Order Execution' started by GotherL, Dec 26, 2018.

  1. GotherL

    GotherL

    I shorted 200 shares of stock at $7.13 and covered at market order. It says I realized $50 & the bid and ask was below 6.85 but when my order wen thru it filled at $7.11 instead. There was no delay and the price stayed below $6.85 even after my order so it made no sense.

    Should I file a complaint to my broker? (Not like they will do anything about it but give me a robotic answer thou.)

    Lesson learned always use a limit order no matter how small the size.
     
    Last edited: Dec 26, 2018
  2. If you're using IB, their adaptive market order is pretty good.
     
  3. LanceJ

    LanceJ

    The Spread?
     
  4. qlai

    qlai

    You need to have access to the time and sales. You didn't mention where you sent the order ... Was it smart route? With fast moving stocks, what you see is not always what you get ... Things change quickly (but platforms update slowly)
    You going to get screwed either way, but at least you will feel in control. You are playing a game where stocks are being manipulated(I assume), so you have to take the good with the bad. Can't complain about this.