Folks, get this......
So far this month, I have received quite a bit of money (slightly less than an average days takings -i.e. significant) from my broker. The reason for this is that I have all of a sudden begun to receive the worst fills on the planet. Were talking about 8-10c out here. I have my order in the market, I see the bids or offers go in and away from my level, but no fill. This can happen several times. My order is stll there. Minutes later (YES, MINUTES), I get a fill somewhere off in the distance.
Of course, Im never going to take this from any broker - and in all fairness, they always give me my proper fill when I complain.Usually my fills are top rate (otherwise I wouldnt use them)- sometimes even better, even when using stops. Slippage is usually minimal (1-2c). I trade fairly liquid stocks (0.5mil+ volume $25-$50)
My point is this - how can they 'roll back' trades after the close and alter the fill (worse for the 3rd party - probably Knight who most of my orders are routed to) or do they just bung me the money they have tried to steal from me. My confirmations show a fill at my original level as per order, rather than a cash credit to my account.
Does anyone else have experience of periods of poor performance before things get back to usual, or am I better getting another broker (suggestions welcome). Ive been using them for 2 years with no probs what so ever - a rare thing indeed in the world of the worlds worst profession (on a par to estate agents)
Maybe this is an opportune time to go over to futures as Ive been meaning to do since Feb.
So far this month, I have received quite a bit of money (slightly less than an average days takings -i.e. significant) from my broker. The reason for this is that I have all of a sudden begun to receive the worst fills on the planet. Were talking about 8-10c out here. I have my order in the market, I see the bids or offers go in and away from my level, but no fill. This can happen several times. My order is stll there. Minutes later (YES, MINUTES), I get a fill somewhere off in the distance.
Of course, Im never going to take this from any broker - and in all fairness, they always give me my proper fill when I complain.Usually my fills are top rate (otherwise I wouldnt use them)- sometimes even better, even when using stops. Slippage is usually minimal (1-2c). I trade fairly liquid stocks (0.5mil+ volume $25-$50)
My point is this - how can they 'roll back' trades after the close and alter the fill (worse for the 3rd party - probably Knight who most of my orders are routed to) or do they just bung me the money they have tried to steal from me. My confirmations show a fill at my original level as per order, rather than a cash credit to my account.
Does anyone else have experience of periods of poor performance before things get back to usual, or am I better getting another broker (suggestions welcome). Ive been using them for 2 years with no probs what so ever - a rare thing indeed in the world of the worlds worst profession (on a par to estate agents)
Maybe this is an opportune time to go over to futures as Ive been meaning to do since Feb.
