newbie on etrade.

ok quick question. i only have a sim account on etrade , yet i find questionable things happen to my trades.
i put in an order to buy ftse at 6033 for monday 4th feb stop loss was at 6004 and to take profits at 6046, with an OCO kicked in after that move.
when i check the market on yahoo the very first bar opens at 8 am opens at 6029, high 6067, low 6029 and my bet should have triggered, whilst on etrades books no such thing happened..there charts so totally different moves.
why?

your first bar is starting at the previous close, this is how the Ftse's early ticks look in bloomberg . . .

ie in reality, the market opened high and then fell away

08:01:46 6062.10
08:01:31 6065.00
08:01:16 6065.40
08:01:01 6063.90
08:00:46 6065.40
08:00:31 6067.20
08:00:17 6043.90
08:00:02 6029.20

thanks. I have much to learn

though etrades charts seem very different in to the actual market price. Is this normal? Or am i reading it wrong?

chuchi said:

ok quick question. i only have a sim account on etrade , yet i find questionable things happen to my trades.
i put in an order to buy ftse at 6033 for monday 4th feb stop loss was at 6004 and to take profits at 6046, with an OCO kicked in after that move.
when i check the market on yahoo the very first bar opens at 8 am opens at 6029, high 6067, low 6029 and my bet should have triggered, whilst on etrades books no such thing happened..there charts so totally different moves.
why?

Click to expand...

sorry to but in thread chuchi


sim account is as bad as the real one IMHO

capital spreads was better even though they are I think :?: part of same outfit

their real one is better to = not as jumpy

IG will allow real account to be run with little or no funds so you can demo your method away no problem till your ready to go live

I used ig charts etc entered trades on capital spreads demo, you should be able to do the same with e-trade anyway if your interested, bit more realistic IMO.

I had very little trouble when I was at that stage anyway using this approach, apart from the disconnects associated with sb platforms from time to time

good luck :clover:

It is VERY IMPORTANT to understand how your SB company draws its charts.

E*Trade do not (at least when I used them) show gaps on their charts.

That means if a market closes at 500 and then the next day it opens down at 450 they do NOT show a gap with the open at 450.

They show a bearish candle that extends from 500 all the way down to 450.

This represents a very important VISUAL difference.