HSX Forum

Movies

I brought this up before here...

Posted by: bbb101 on Sep 02, 12:48 in response to durf's post in real life, the order would not go through because on a...

Basically, it boils down to limit orders are not true limit orders here, and you have to live with it. Probably they should have a different name since it's misleading.

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!


Ponniyin Selvan: Part I collected an estimated $2.1M Friday at the weekend #boxoffice #PS1 https://t.co/2GXobZFuwO       #Bros tapped an estimated $1.8M Friday at the weekend #boxoffice #BrosMovie https://t.co/zqA8uDT1fY       #Smile cracked an estimated $8.2M Friday at the weekend #boxoffice #SmileMovie https://t.co/VqYel4cLZq       Bill Skarsgard and Lily-Rose Depp to star in #Nosferatu       Focus Features to distribute #Nosferatu directed by Robert Eggers       #Bros grabbed $500K Thursday in #boxoffice previews       #Smile puts on an estimated $2.0M Thursday in #boxoffice previews #SmileMovie       New #CBS series So Help Me Todd is trading on #HSX #SoHelpMeTodd https://t.co/oRX7ChzJCq       Ruben Fleischer to direct Now You See Me 3 #NowYouSeeMe3       Kelly Reilly joins #Here directed by Robert Zemeckis      
Caleb Landry Jones (CLJON) 1000 14.99 (0.00)         Steve Carell (SCARE) 1000 62.28 (+0.55)         Rosamund Pike (RPIKE) 1000 8.91 (0.00)         Steve Carell (SCARE) 1000 62.28 (+0.55)         Atomic Blonde 2 (ABLO2) 150000 0.04 (0.00)         Inside Out 2 (INOU2) 3000 161.03 (+1.03)         Benny Safdie (BSAFD) 1000 16.17 (0.00)         Ben Foster (BFOST) 1000 11.03 (0.00)         Steve Carell (SCARE) 1000 62.28 (+0.55)         Star Wars: Rogue Squadron (SWAR3) 250 60.48 (+0.10)         Blue Beetle (BLUBT) 149999 68.76 (-0.24)         Wish (WISH) 149999 95.25 (-0.41)         Lucas Hedges (LHEDG) 1000 2.59 (0.00)         Gran Turismo (GTURS) 149999 63.90 (-0.29)         Priscilla (PRISC) 250 14.96 (+0.01)         Teyonah Parris (TPARR) 1000 37.94 (0.00)         The Running Man (TRUNM) 149999 27.53 (+1.32)         Steve Carell (SCARE) 1000 62.28 (+0.55)         Ben Foster (BFOST) 1000 11.03 (0.00)         Steve Carell (SCARE) 1000 62.28 (+0.55)         Oppenheimer (OPHMR) 20000 122.50 (-0.07)         Inside Out 2 (INOU2) 150000 161.03 (+1.03)         Inside Out 2 (INOU2) 1491 161.03 (+1.03)         Kurt Russell (KRUSS) 25000 171.45 (-0.50)         Spider-Man Untitled (SPID9) 1000 333.37 (-0.58)         Spider-Man Untitled (SPID9) 13000 333.37 (-0.58)         Inside Out 2 (INOU2) 250 161.03 (+1.03)         Wonka (WONKA) 150000 108.08 (+0.34)         Wonka (WONKA) 100000 108.08 (+0.34)         Spider-Man Untitled (SPID9) 2000 333.37 (-0.58)         Silent Night (SLNIT) 2031 7.80 (+0.01)         Hypnotic (HYPNT) 1999 10.89 (+0.04)         Superman (SUPRM) 150000 68.35 (-0.20)         Hypnotic (HYPNT) 999 10.89 (+0.04)         Disappointment Blvd. (DBLVD) 1999 5.71 (+0.03)         Disappointment Blvd. (DBLVD) 999 5.71 (+0.03)         Kraven the Hunter (KRAVN) 5000 115.26 (-0.10)         Kraven the Hunter (KRAVN) 1000 115.26 (-0.10)         Batgirl (BATGR) 149999 5.96 (-0.06)         Inside Out 2 (INOU2) 1000 161.03 (+1.03)         Ricky Stanicky (STNCK) 600 18.46 (+0.10)         Inside Out 2 (INOU2) 50000 161.03 (+1.03)         America Ferrera (AFERR) 500 71.58 (-0.25)         Elio (ELIO) 1000 69.78 (+0.15)         Don't Worry Darling (DWDRL) 40000 46.99 (-1.31)         SNAFU aka Project X-traction (PRJXT) 150000 0.07 (-0.06)         SNAFU aka Project X-traction (PRJXT) 150000 0.07 (-0.06)         SNAFU aka Project X-traction (PRJXT) 150000 0.07 (-0.06)         Sienna Guillory (SGUIL) 10 33.56 (-0.12)         SNAFU aka Project X-traction (PRJXT) 150000 0.07 (-0.06)