Jump to content
  • 0

Opening orders not placing


abudhabitrader

Question

Hello All,

 

I'm back again with another question, since last time I asked I was pleasantly surprised at the promptness and informative nature of the response I received.

I have been placing orders to open a position immediately when the order opens the next day at the close price the day before. I have selected the correct price level: eg buy at the buy price in the box and sell at the sell. Furthermore, the order was accepted so that rules out any shortage in positions to borrow from a broker as the answer. I know this is possible because I have done it many times before. So, I was wondering why the order did not place today?

 

Cheers,

Link to comment

4 answers to this question

Recommended Posts

  • 0
11 minutes ago, abudhabitrader said:

Hello All,

 

I'm back again with another question, since last time I asked I was pleasantly surprised at the promptness and informative nature of the response I received.

I have been placing orders to open a position immediately when the order opens the next day at the close price the day before. I have selected the correct price level: eg buy at the buy price in the box and sell at the sell. Furthermore, the order was accepted so that rules out any shortage in positions to borrow from a broker as the answer. I know this is possible because I have done it many times before. So, I was wondering why the order did not place today?

 

Cheers,

Hi, what price did the market open at today? If the stock is fairly illiquid then it will often open at the same closing price but if price gaped on open then other orders where processes before yours and moved price away from your order past the tolerance level and so your order was not executed.

Link to comment
  • 0
27 minutes ago, Caseynotes said:

Hi, what price did the market open at today? If the stock is fairly illiquid then it will often open at the same closing price but if price gaped on open then other orders where processes before yours and moved price away from your order past the tolerance level and so your order was not executed.

Take Carnival (LSE) for example, the price it closed at yesterday in the box was 919 for buy. However, the graph showed the price ending at 936. Having faith in the box, I placed a buy order at 919, but the position never opened. The stock opened at 930, leaving my position closed. I am wondering whether to trust the box or the graph since other orders have been true to the price in the box. Is there an indicator that I can look out for?

Link to comment
  • 0
5 minutes ago, abudhabitrader said:

Take Carnival (LSE) for example, the price it closed at yesterday in the box was 919 for buy. However, the graph showed the price ending at 936. Having faith in the box, I placed a buy order at 919, but the position never opened. The stock opened at 930, leaving my position closed. I am wondering whether to trust the box or the graph since other orders have been true to the price in the box. Is there an indicator that I can look out for?

the LSE initial auction starts at 8:00 am and processes all the pre-open orders, if some event has lead to a big move in a particular market those orders can move price away from the previous day's close and gap over your order price.

Link to comment
  • 0
On 30/06/2020 at 14:28, Caseynotes said:

Hi, what price did the market open at today? If the stock is fairly illiquid then it will often open at the same closing price but if price gaped on open then other orders where processes before yours and moved price away from your order past the tolerance level and so your order was not executed.

What is the tolerance level and can it be set? I have lost money as my order opened at a very different  price to what I set. 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      23,033
    • Total Posts
      95,415
    • Total Members
      43,643
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Haarb
    Joined 28/09/23 15:26
  • Posts

    • Recently, Bybit shockingly announced the suspension of its services to the UK region due to strict regulatory measures by the region. This action by Bybit could further discourage crypto adoption, which is necessary for developing this industry. Strict regulations have continued to deprive crypto access/adoption to many users for a while. The regulatory bodies normally claim their action is in the interest of their citizens (to protect them from unsuspecting activities that could harm them) while some exchange feel this action is a sinister attack on them so the decision to suspend their service to such region. One question boggled my mind; i) Why can't exchange blend to those regulations? iii) Why are other exchanges surviving in such a region? The crypto industry is still young as such we expect some challenges and differences in opinions but finding a common ground that will ensure its development and growth should be paramount. That is why I feel exchanges and regulatory bodies need to work together for the betterment of this industry. While waiting for that scenario to play out which other exchange will you suggest for the users affected by this decision to use and what are your opinions on this strict regulations
    • hello, just tried IG sinals Intraday and short term and lost £200 ish.. anyone used them ? any help or feedback ?
    • Dow, Nasdaq 100 and CAC40 struggle in early trading Indices are under pressure again as oil prices and bond yields continue to rise. Source: Bloomberg  Chris Beauchamp | Chief Market Analyst, London | Publication date: Thursday 28 September 2023 11:38 Dow eats into Wednesday’s recovery The index briefly slumped to its lowest level since early June yesterday, heading towards the 33,230 level. A rebound from the lows helped to avoid another weak close but the general bearish move remains firmly in place. More losses target the May lows around 32,700. Buyers will be looking for a move back above 33,827 and the 200-day simple moving average (SMA) to suggest that a low has formed. Intraday movement has been capped by the 50-hour SMA over the past week. Source: ProRealTime Nasdaq 100 bounce fizzles The index managed to eke out a small rally yesterday off the lows, but has struggled to push higher in early trading this morning. This has put the price back above the August low of 14,553, so if this holds buyers may attempt to wrest control and drive the index back towards 15,000. A close back below 14,550 would mark a bearish development, potentially open the way towards the June lows at 14,230. Source: ProRealTime CAC40 stuck below previous support After falling just below the 7100 support zone earlier in the week, the index has managed to avoid any further steep losses for the time being. The March lows at 6900 beckon in the event of a fresh drop, while on the upside 7100 could act as resistance in the short-term now it has been broken as support. A longer-term bullish view would require a close back above 7200. Source: ProRealTime
×
×
  • Create New...
us