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Larry-
Everyone knew your stop was there and we were all drawing straws to see who
would have the pleasure of triggering it. ;-) :-)
I would assume that everything went just as it is supposed to and that your
order was filled correctly after a TRADE elected the stop. Just call it bad
luck, or time to recalibrate your stop levels if it happens to often.
Your stop may have been a one lot trade to make the low, or there could have
been several stops, market orders and limit orders filled there. You can
contact the exchange and ask them for the volume at that low price. I
recently did that at the Midam when a client questioned a particularly bad
fill on the low of the day. His one lot was accompanied by 170 other lots
that traded at that price though. Nothing can be done about that.
Good luck in your trading.
Regards,
John J. Lothian
Disclosure: Futures trading involves financial risk, lots of it!
Disclosure: John J. Lothian is the President of the Electronic Trading
Division of The Price Futures Group, Inc., an Introducing Broker.
In a message dated 01/12/2000 2:45:04 PM Central Standard Time,
Scaletrade@xxxxxxx writes:
<< I have a slightly different question regarding Globex e-mini stops. I had
a
sell stop resting a couple of nights ago and was filled at the low tick of
the session. I'm wondering if my stop was triggered when the market
actually
traded at that point, or if all it took was for the bid to be at that point,
at which my "offer" was matched, and thus the trade. In other words, was my
order the impetus that took the market down that last tick, or am I just
incredibly unlucky at calling a bottom which had already happened...again :-)
Larry >>
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