Position Close Suddenly before Stop Loss (with 'Net Off')

By MrK88088,
May 11, 2020 in Shares and ETFs

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MrK88088

Posted May 11, 2020

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Posted May 11, 2020

Hi,

Recently I had an encounter. My short position was closed before hitting stop loss.

I have BRK.B in Long, but decided to Short, but 'Net Off' was selected (didn't know what that was)...so anyway I have the following parameters set

Size:150

Level: 17450

Stop:17650

Limit:17050

All the above seems quite normal, but what happen was the price gap up, open high at 17495, but close at 17449.... I was puzzled ???? I had all the parameters set but why it close without hitting my stop loss... so I email IG Help Desk, but their reply is I hit the stop loss.... I am having a hard time understanding the logic... the only difference was the 'Net Off' which is to offset the size off my long position... but the order execution logic should still work the same...

Can anyone explain to me why this could happen?

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Position Close Suddenly before Stop Loss (with 'Net Off')

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