HSX Forum

Movies

Finally, another voice of reason!

Posted by: DiNar0 (a.k.a shahnon) on Sep 02, 11:48 in response to durf's post this was a LIMIT order, emphasis on LIMIT

I tried arguing that a loooong time ago but my best guess that these people do not actually trade in RL so they do not understand that even with a dfiifrence of a penny, limits do not get done(executed). Period.

And since I have failed in coercing them to accept actual, I just accept that these people are more Hollywood than Wall Street or City. They understand these things a bit different and regulate accordingly.

BUT that doesn't mean you should do the same. If you have the skills to get this understood, please go ahead.

Why does the system allow a purchase to be executed higher than your limit price? durf Sep 02, 10:51

Because otherwise there would be no price movement. It hit your limit your price, your trade ticked it up. {nm} Antibody Sep 02, 10:54

that is why it is a LIMIT order . . . it should not have executed the order at all if the price needed to go above the LIMIT {nm} durf Sep 02, 10:54

That's the way the Virtual Specialist works. It's harder to code and more taxing on the system to process that way. Antibody Sep 02, 11:15

and would all that work and server slowdon (god forbid) be worth the benefit {nm} tealfan Sep 02, 12:45

*slowdown {nm} tealfan Sep 02, 13:04

1% trade fee {nm} tatoufan Sep 02, 10:59

it was executed ABOVE the LIMIT price plus the 1% commission {nm} durf Sep 02, 11:02

its just like real life, it executes at the next available price. Oleg Max Sep 02, 11:06

in real life, the order would not go through because on a price was above the LIMIT (on a purchase)--definition of LIMIT {nm} durf Sep 02, 11:07

not if its 'stop limit', once it hits limit it automatically becomes market order = filled at the next available price. {nm} Oleg Max Sep 02, 11:09

If you put a limit order to buy Telsa Motors at 100/share and the next available seller was at $195, the trade will just not execute. {nm} durf Sep 02, 11:09

like i said, there is a difference between 'limit' and 'stop limit', with 'stop limit' you will buy TSLA @ 195 in your scenario {nm} Oleg Max Sep 02, 11:32

So you perhaps paid a tinge more than you hoped. Don't let it ruin your day. {nm} RollingThunder Sep 02, 11:10

agreed; but the trading program needs to be fixed. {nm} durf Sep 02, 11:11

Same principle applies to non-limit orders on HSX. The last price is not guaranteed to be the actual price at the time of order execution. {nm} Antibody Sep 02, 11:24

You're clouding the issue . . . of coures non-limit prices will not be the last price; depends on how much buying or selling is happening... {nm} durf Sep 02, 11:31

this was a LIMIT order, emphasis on LIMIT {nm} durf Sep 02, 11:31

Finally, another voice of reason! DiNar0 Sep 02, 11:48

In real life, there's a real person that takes your trade. HSX uses the Virtual Specialist to simulate the other party. {nm} Antibody Sep 02, 11:55

not any longer. its all machines and much as i don't come here to debate it wouldn't execute above the limit. Furthermore>>>>> tradermark Sep 02, 12:24

But those machines represent real people/companies. HSX accepts all trades without matching them to another trader. {nm} Antibody Sep 02, 13:35

I totally understand theres no 'other side' except the house in here. Thats why i'll never utter a word about execution. {nm} tradermark Sep 02, 15:24

I brought this up before here... bbb101 Sep 02, 12:48

QUASI-LIMIT-ORDERS. {nm} Captain Obvious Sep 02, 14:06

well they don't activate until the limit is reached so they may not be the limit order you are familar with but they are limit orders. {nm} tradermark Sep 02, 15:26





Post a Reply

To post to the forums you must first login!


With Love (WOLOV) 50000 28.37 (+0.28)          With Love (WOLOV) 50000 28.37 (+0.28)          Bill Skarsgard (BSKAR) 3 83.96 (+0.25)          With Love (WOLOV) 50000 28.37 (+0.28)          With Love (WOLOV) 50000 28.37 (+0.28)          With Love (WOLOV) 50000 28.37 (+0.28)          With Love (WOLOV) 50000 28.37 (+0.28)          Drift (DRFT) 150000 0.56 (-0.02)          In a Violent Nature (IAVNT) 50000 3.95 (+0.14)          In a Violent Nature (IAVNT) 50000 3.95 (+0.14)          In a Violent Nature (IAVNT) 50000 3.95 (+0.14)          Lips Like Sugar (LIPLS) 150000 11.08 (-1.47)          In a Violent Nature (IAVNT) 50000 3.95 (+0.14)          In a Violent Nature (IAVNT) 50000 3.95 (+0.14)          Ke Huy Quan (KHQUA) 188 79.80 (0.00)          In a Violent Nature (IAVNT) 50000 3.95 (+0.14)          Last Breath (LBRTH) 50000 11.91 (+0.09)          Last Breath (LBRTH) 50000 11.91 (+0.09)          Mark Hamill (MHAMI) 150 102.10 (-0.33)          Last Breath (LBRTH) 50000 11.91 (+0.09)          Last Breath (LBRTH) 50000 11.91 (+0.09)          Last Breath (LBRTH) 50000 11.91 (+0.09)          Last Breath (LBRTH) 50000 11.91 (+0.09)          Honey Don't (HDONT) 50000 17.06 (+0.08)          Trap House (TRAPH) 30000 22.23 (+1.38)          Honey Don't (HDONT) 50000 17.06 (+0.08)          Honey Don't (HDONT) 50000 17.06 (+0.08)          Honey Don't (HDONT) 50000 17.06 (+0.08)          Honey Don't (HDONT) 50000 17.06 (+0.08)          Honey Don't (HDONT) 50000 17.06 (+0.08)          Cottontail (COTNT) 500 0.01 (0.00)          Maria (MARIA) 50000 13.89 (+0.66)          Maria (MARIA) 50000 13.89 (+0.66)          Maria (MARIA) 50000 13.89 (+0.66)          Maria (MARIA) 50000 13.89 (+0.66)          Maria (MARIA) 50000 13.89 (+0.66)          Maria (MARIA) 50000 13.89 (+0.66)          Weapons (WEPNS) 150 22.66 (+0.23)          In the Grey aka Untitled Guy Rit (NGREY) 143596 31.35 (+0.10)          Between the Temples (BTMPL) 3 1.51 (-0.16)          Between the Temples (BTMPL) 3 1.51 (-0.16)          Elio (ELIO) 3 116.94 (-0.71)          Elio (ELIO) 3 116.94 (-0.71)          Inside Out 2 (INOU2) 3 254.68 (+0.92)          Inside Out 2 (INOU2) 3 254.68 (+0.92)          Fall 2 (FALL2) 88888 6.84 (+0.03)          Deadpool & Wolverine (DEAD3) 7 390.65 (+0.44)          Freaky Friday 2 (FREK2) 25000 53.13 (+0.86)          28 Years Later (28LT3) 25000 52.35 (+0.74)          The Super Mario Bros. Movie 2 (MARI2) 1 333.31 (+0.25)