Day Trading & Forex Forum

arabianights

Suppose a market is 83 bid and I put a limit order in to sell at 82... In a real market then this order would be filled at 83 - with a spread betting account am I right in thinking it would be filled at 82?

This morning I be mostly shorting bradford and bingley

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Lee Shepherd

Not sure about your question as have no dealings with the real market.
As for SB, you'd be filled at the price you put it to be filled at, sometimes worse if a gap appears or you get slippage. Best check with the particular company in mention.


I also see you've been doing some homework at the weekend. You've obviously seen the same reports on B&B as me. profit warnings all the way, may shake up the banking sector again.

timsk

You don't wanna do that arabianights, with the big investment from a leading U.S. private equity giant, you wanna go long, that's what you wanna do!
Tim.
(I own B&B windfall shares - shoulda sold 'em yonks ago )

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arabianights

Heh, never got close with my limit sell of 82 and an opening in the low 70s iirc

Lee I dunno how I could be filled at a price worse than my limit order, surely it just wouldn't be filled? I'm more concerned about not being filled at the correct market price.

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Only morons take my advice!

Chatroom for STIR traders - open during UK market hours (7am-6pm). Anyone welcome, especially locals, IB/HF traders, brokers (particularly if you have lots of flow ), those with an interest in this field...

ae589

If the price is currently at 85 and you put in a sell order at 83, then your order will be filled at 83 or lower. If you put in a sell at 90, your order will be filled at 90 or higher.

arabianights

How can it be filled at lower than 83?

__________________
Only morons take my advice!

Chatroom for STIR traders - open during UK market hours (7am-6pm). Anyone welcome, especially locals, IB/HF traders, brokers (particularly if you have lots of flow ), those with an interest in this field...

ae589

You are telling the dealer (well, system) that you want to sell, but not until the price has fallen to 83. In a fast moving market, you colud be filled at 82/81, or the instrument could open at 70 - that will be the price you are filled at.

THis is ordinary orders, not guaranteed.

arabianights

No I'm not.

With a limit order I'm saying fill me at this price or better.

My question is whether the "or better" exists with spread betting companies.

__________________
Only morons take my advice!

Chatroom for STIR traders - open during UK market hours (7am-6pm). Anyone welcome, especially locals, IB/HF traders, brokers (particularly if you have lots of flow ), those with an interest in this field...