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Another daytrating WTF
Nov. 27th, 2020 10:17 pmIn a previous part, I asked a rookie question and got perfect answers from pros that explained everything.
Now I have a more complex situation, but options are the same: I misunderstand something, or there was a glitch with my broker's software.
I opened a $1000 long position at $9.90, set TP at $10.15. I also have an open buy stop limit order of $300 at $10.20 (please don't ask me why I don't just close $700 at $10.15, I would have done exactly that if my software would have supported this type of limit order).
The price fluctuates between $9.70 and $9.95, and then suddenly I see my limit order to buy at $10.20 is executed. So I have two long positions now, $1000 opened at $9.90 and $300 at $10.20, and current price is $9.80.
When I checked a chart in the terminal at and around the execution time the price was always in $9.89-$9.96 range. It never even crossed $10.00 today! How can it be that price was high enough to trigger buy stop limit at $10.20, but it did not trigger TP at $10.15?
Is it a broker bug or I am a fool (again)???
Now I have a more complex situation, but options are the same: I misunderstand something, or there was a glitch with my broker's software.
I opened a $1000 long position at $9.90, set TP at $10.15. I also have an open buy stop limit order of $300 at $10.20 (please don't ask me why I don't just close $700 at $10.15, I would have done exactly that if my software would have supported this type of limit order).
The price fluctuates between $9.70 and $9.95, and then suddenly I see my limit order to buy at $10.20 is executed. So I have two long positions now, $1000 opened at $9.90 and $300 at $10.20, and current price is $9.80.
When I checked a chart in the terminal at and around the execution time the price was always in $9.89-$9.96 range. It never even crossed $10.00 today! How can it be that price was high enough to trigger buy stop limit at $10.20, but it did not trigger TP at $10.15?
Is it a broker bug or I am a fool (again)???
