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IG Late execution Of Stop and limit orders: What Chance do we have as retail traders!
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Laser,
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Question
Laser
Morning All,
I have been using this platform for over a year now but this is my 1st post. So hello..
Apologies for the rant but here goes: Call me cynical but why is it that there is great difficulty for IG to execute orders on the platform at 8:00 am when there are good profits to be had but orders are executed immediately when not.
Just wondering if anyone else had issues with late executions on orders, in particular on trades where there are good opportunities for the little Guy with orders also being restricted to telephone orders only at 8:00 am and online orders restricted? See below:-
I placed a short Limit Order this morning on Astra Zeneca and Buy Stop Order on Deutche telecom, all were accepted before 8:00am :- see below. These weren't executed until 08:05 am and 08:02 respectively, however NOT at the agreed price but far later which in turn caused me firstly to lose my profits and secondly to get Stopped out as a result. Where I feel some what aggrieved is that as retail traders we seem to have to lose out on the missed profits not because of any fault of our own but still have to accept the losses after poor or slow execution. I'm happy to take losses all day as a result of my own decisions but this seems a bit hard to swallow. As I said, what chance do we have against the institutions when this happens. Somebody made a lot of money this morning and it wasn't me.
Now I know why they say 66% of retail traders lose money! See Trail below Time stamp on RH side.
Any thoughts? Cheers.
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