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Can anyone help / advise??

This is a discussion on Can anyone help / advise?? within the Planning, Risk & Money Management forums, part of the Methodologies category; Had a stop loss triggered on a long position on the CAC yesterday by my broker - closed out at ...

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Old Apr 8, 2003, 8:44am   #1
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Question Can anyone help / advise??
Had a stop loss triggered on a long position on the CAC yesterday by my broker - closed out at 2925.20, but all the figures I get from bigcharts / advfn suggest that the CAC never fell to that level at that time of the day (8.45am) and only fell to 2934 around that time, then followed by a high at 2989 later - the same high also not reflected by my broker who says the high was at 2978.8.....

Is anyone able to verify if this is in fact the case (my broker says it is, not surprisingly) and if so where I may be able to obtain more accurate (and preferably free!) EOD stats in future, rather than the likes of bigcharts etc.
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Old Apr 8, 2003, 8:53am   #2
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Re: Can anyone help / advise??
Hi Rossored,

Try this lot:

http://www.inverline.com/download/

Charts seem quite good to me. (Link courtesy Henry)
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Old Apr 8, 2003, 8:57am   #3
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Re: Can anyone help / advise??
Rossored

I'm no expert on this however, I did have a similar occurence a little while back.

What you need to bear in mind that, your stop loss figure is based on the spread prices that are being maintained by your broker. The under lying market price of the stock did not reach your stop loss figure. However, you'll find that your Brokers spread price did. Hence, your stop loss got activated. I hope you made some profit on the the deal.

Cheers

DonEG
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Old Apr 8, 2003, 9:11am   #4
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Re: Can anyone help / advise??
rossored started this thread Sadly no profit yesterday, hence bit hacked off.

Still, you win some, you lose some, and we cant win them all, or everyone would be at it and then the government would certainly find some way of stuffing the lot of us, so I suppose its healthy....

(Still hacked off though!)

Thanks for the link, Helen, I'm getting it sorted as I write this.
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Old Apr 8, 2003, 9:14am   #5
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Re: Can anyone help / advise??
The STOP orders would worry me too with brokers that are market makers at the same time.
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Old Apr 8, 2003, 10:21am   #6
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Re: Can anyone help / advise??
If you trade futures rather than spread bets you can look at Time and Sales. They can't screw you!
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Old Apr 8, 2003, 2:01pm   #7
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Re: Can anyone help / advise??
I agree with Oatman. If I had a stop triggered, I would expect it to show on a pirce chart.
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Old Apr 8, 2003, 4:16pm   #8
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Re: Can anyone help / advise??
rossored started this thread Thanks for your comments everyone.

As always, the learning continues....
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