Jump to content

Price Action on Market Open

Recommended Posts

Hi.

Just thought I would try this again as I haven't had a response on a previous post. Similar posters have asked the question but not really answered. 

Scenario: Price at pre-market is gapping up with price at £10 just before pre-market closes.  Buy order placed at Market price, to execute on market open. Buy order gets filled on market open for £10.01. Price gaps up immediately as it does when bullish (to say £15) providing a profit on sale. This is from the IG paper trading account. I understand the different types of orders etc, but it is just to confirm that the only reason this order is filled is because it is paper trading, as surely it would not get filled if the market price rises immediately on market open.

Many thanks, any response would be appreciated.

Share this post


Link to post
2 hours ago, kiwilifer said:

Hi.

Just thought I would try this again as I haven't had a response on a previous post. Similar posters have asked the question but not really answered. 

Scenario: Price at pre-market is gapping up with price at £10 just before pre-market closes.  Buy order placed at Market price, to execute on market open. Buy order gets filled on market open for £10.01. Price gaps up immediately as it does when bullish (to say £15) providing a profit on sale. This is from the IG paper trading account. I understand the different types of orders etc, but it is just to confirm that the only reason this order is filled is because it is paper trading, as surely it would not get filled if the market price rises immediately on market open.

Many thanks, any response would be appreciated.

Hi, yes the demo will not show slippage on orders but will just fill automatically, of  course if there is not gap up then the live would be the same as the demo. Gaps is cause by the opening auction which processes pending orders before live trading starts.

  • Great! 1

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×