Support Board
Date/Time: Fri, 31 Jan 2025 03:23:05 +0000
Post From: My stop got cancelled during a volatile market move
| [2019-04-05 21:46:24] |
| User824196 - Posts: 4 |
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Hi, I started using Sierra about a week now and really like it! Today something happened though that really shook me. During today’s futures trading session there was a sudden price move upwards on YM. I had a short position order with a tight stop above, which got filled. Immediately my stop should have been hit during the pop, but it got rejected and cancelled (!). Luckily I was at my desk and could manually market out of the position. Lost about $235 for no reason. I have contacted AMP trade desk why my stop disappeared like that and they just tell me that it got rejected at the exchange. How is this possible? The whole idea of a stop is to keep my positon safe if it goes against me. If during a volatile move the stop can just be cancelled like that one could lose their whole account. What happened? I had used a simple bracket order in Sierra. I am really shocked that this can happen and feel that using the bracket order is maybe not very safe during hefty market moves. How can I be sure that this does not happen again, should I use a different kind of order instead of the simple bracket? Please see attached the trade activity log. The order that I am referring to is: 1549638990 YM time: 14:30, sell price: 26438 Stop at: 26442 Thank you Date Time Of Last Edit: 2019-04-05 21:51:48
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 tradeactivity_screengrab.jpg / V - Attached On 2019-04-05 21:51:42 UTC - Size: 1.21 MB - 257 views |