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IF you have a cancel confirm, you are out of the trade. Ask for the
time stamp on the trade and then compare it with the time stamp on the
cancel confirm. One way or the other, you are entitled to an out or an
adjustment. If you received the cancel confirm before the trade
confirmation, it is the brokers problem, not yours. I hope that this
wasn't electronic and that you have a record of each event and the times
that they occurred. Proof is what it takes. Somehow, proof seems to
disappear in electronic trades when it is to the brokers advantage.
good luck. Ira
Sean Cassidy wrote:
> Had a trade go wrong and wonder if I should do anything. I placed a
> limit buy for 138050 on the emini s&p when the market was at 138100
> (to try to get a good fill) at 850:45 AM. Then cancelled the order at
> 851:04 AM and got a cancel confirmation. I checked numerous times for
> fills and it showed none for 10 minutes. Then they showed me as filled
> when the market was trading 137450, about 10 minutes later. I then
> immediately marketed out at 137250. I have never lost more than 2.5
> pts on a trade, this was minus 8. The 2 issues for me are a) I was
> given a cancel confirmation and b) they did not report the fill for
> ten minutes. On top of that I usually reverse off of the pivot line
> which was 1380, so I would of sold 2 at 1379, meaning i would of lost
> 1.5 on one trade but been short at 1379 on a market that went down to
> 1349. My broker said I should of known I was filled. Sould I be upset
> about this, any ideas? SMC
>
>
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IF you have a cancel confirm, you are out of the trade. Ask for the
time stamp on the trade and then compare it with the time stamp on the
cancel confirm. One way or the other, you are entitled to an out
or an adjustment. If you received the cancel confirm before the trade
confirmation, it is the brokers problem, not yours. I hope that this
wasn't electronic and that you have a record of each event and the times
that they occurred. Proof is what it takes. Somehow, proof
seems to disappear in electronic trades when it is to the brokers advantage.
good luck. Ira
<br>
<p>Sean Cassidy wrote:
<blockquote TYPE=CITE><style></style>
<font face="Arial"><font size=-1>Had
a trade go wrong and wonder if I should do anything. I placed a limit buy
for 138050 on the emini s&p when the market was at 138100 (to try to
get a good fill) at 850:45 AM. Then cancelled the order at 851:04 AM and
got a cancel confirmation. I checked numerous times for fills and it showed
none for 10 minutes. Then they showed me as filled when the market was
trading 137450, about 10 minutes later. I then immediately marketed out
at 137250. I have never lost more than 2.5 pts on a trade, this was minus
8. The 2 issues for me are a) I was given a cancel confirmation and b)
they did not report the fill for ten minutes. On top of that I usually
reverse off of the pivot line which was 1380, so I would of sold 2 at 1379,
meaning i would of lost 1.5 on one trade but been short at 1379 on a market
that went down to 1349. My broker said I should of known I was filled.
Sould I be upset about this, any ideas?</font></font> <font face="Arial">SMC</font>
<p><br>
<br><tt>To unsubscribe from this group, send an email to:</tt>
<br><tt>realtraders-unsubscribe@xxxxxxxxxxx</tt>
<br>
<br> </blockquote>
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