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Why didn't it close when it broke through my limit price?


mswoo

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I placed a short trade on AO World, with a limit (take profit) at 158.78. From this below picture it's clear that the price went below my limit, so why is the trade still open when it should have closed on or around (give or take a few points) 158.78? Instead, it's now flown up in the opposite direction and I'm likely to be stopped out at a much lower profit point.

What's the point of setting a limit if it's not going to be honoured?

image.thumb.png.c22903f931d6fd6c56f03eb397955f0b.png

 

 

image.png

Edited by mswoo
double image in post by mistake
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1 hour ago, mswoo said:

I placed a short trade on AO World, with a limit (take profit) at 158.78. From this below picture it's clear that the price went below my limit, so why is the trade still open when it should have closed on or around (give or take a few points) 158.78? Instead, it's now flown up in the opposite direction and I'm likely to be stopped out at a much lower profit point.

What's the point of setting a limit if it's not going to be honoured?

image.thumb.png.c22903f931d6fd6c56f03eb397955f0b.png

 

 

image.png

Because it didn`t reach your limit .Lowest it went was 159.40

Your chart is on MId price not ask.Change it to Ask and you will see it did not touch your limit

Edited by mark27
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37 minutes ago, mark27 said:

Because it didn`t reach your limit .Lowest it went was 159.40

Your chart is on MId price not ask.Change it to Ask and you will see it did not touch your limit

On my chart the lowest it went was 157.31 but still... You learn something new every day. Thanks!

On the one hand, it's gratifying to know that I've been winning trades even as a half-wit, on the other hand, there are trades like this that I lose out on because of being a half-wit.

How do I change the chart to mid price rather than ask?

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1 minute ago, mswoo said:

On my chart the lowest it went was 157.31 but still... You learn something new every day. Thanks!

On the one hand, it's gratifying to know that I've been winning trades even as a half-wit, on the other hand, there are trades like this that I lose out on because of being a half-wit.

How do I change the chart to mid price rather than ask?

Actually, I've found out how to change the chart. Turns out it was already on mid price, so I feel a little cheated now. I still made a little profit, but only because I had a trailing stop. 

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4 minutes ago, mswoo said:

On my chart the lowest it went was 157.31 but still... You learn something new every day. Thanks!

On the one hand, it's gratifying to know that I've been winning trades even as a half-wit, on the other hand, there are trades like this that I lose out on because of being a half-wit.

How do I change the chart to mid price rather than ask?

Right click on the chartt.Go down to price and the 3 options are there

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1 minute ago, mswoo said:

Actually, I've found out how to change the chart. Turns out it was already on mid price, so I feel a little cheated now. I still made a little profit, but only because I had a trailing stop. 

Its because it was on mid you thought it hit your limit

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