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I trade e-mini's only occasionally but when I do, through BestDirect, I get
a fill in 3-5 seconds. If a big SP fill takes >30 seconds, I'm on the phone
to them.
It sounds like you go through a broker to place short term day trades. I
can't imagine doing that--it takes too long.
Your broker apparently didn't tell you why your order was rejected. I'd
seriously consider a different broker at least for my day trading or better
yet get a good online trading broker.
Arthur Marcus wrote:
> Yesterday morning I placed an order to sell the e-mini. About a minute
> later price zoomed through my stop and I thought I was short. Several
> minutes later, with price still sliding down, I exited half my
> position. A few minutes later my broker called and said that my
> original sell order had been "rejected." I was not short; in fact at
> that moment I was now long. I exited with a small loss. What does
> "rejected" mean?
>
> I thought if price went through your stop you were filled at the
> market. Could it be that my order did not reach the floor in time,
> since I only called it in about a minute before it was hit? If this is
> so, can anyone tell me what is an acceptable amount of time for orders
> to reach the floor once they are called in? Is my broker slow? And how
> soon should I hear back from my broker/the floor that my order is
> "rejected"?
>
> Any comments or feedback appreciated. Thanks.
>
> Arthur
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