Did anyone else (other than me and Deberah) get a mysterious
phantom signal on AIG today? There were 2 signals (long, then
short), but suddently my IB covered and bought AIG late in the day,
but there's no signal anywhere in IB saying that it bought. My
theory is that TS sent bad data, and then took it back. Is that
possible? Anyone else have this weird issue?
well -- I left at 3:45 and came back to find that instead of
owning no AIG in the system trsade, I had a double position --
somehopw istead of exiting the short position at end of day it
covered and went long a double position. I just don't have
the energy to look up all the trades right now to try to figure it
out.
Michael, here's what happened with your AIG in my
view. You should have been short AIG near the end.
However, the phantom glitch we're talking about covered
your position and went long AIG. So you were long coming into
the close in IB. Then, at the end of the day, your TS still thought
you were short, so it bought to cover again. Hence the double
position.
Once again, I think it was a spike in AIG's price in TS, which
was then auto-corrected by TS (so none of us saw it when we
looked). We were then all left with long positions, although
TS still thought we were short. I was able to catch it in time to
adjust it before the close, but it looks like this glitch erased
the majority of what would have been the day's profits. These
things are bound to happen from time to time I guess - the price of
trading on autopilot.
thanks -- sounds like trhe same problem. But for me, it
did not seem to hurt the gains much, I sold shortly after the close
and lost a few cents per share compared to the
close. Its funny
though -- I would have thought that IB would learn about
TradeBullet and be able to be of some help, considering that
TradeBullet gives many people to open IB accounts. But no --
they know nothing, and don't care.
You know, I sort of find it fascinating that we as Amerians have
come to be so passe about crappy technology and crappy customer
service. I've never met anyone who works for IB, but, I'm
certain that "it's not my problem" is tatood on each of their
heads.
"phantom glitch" ........."these things happen from time
to time" BullS*^%! They happen every single day.
Too frigging much!
I guess its because we're so big on bailing out and rescuing
companies that deserve to fail that our American companies believe
that it's ok to provide poor parts, poor service and bad customer
service.
I for one think they all deserve to go out of business.
I'm sick of bail outs. People die. Companies that provide bad
prducts and poor customer service should too. And, yes, I'm
crabby. I'm having a hard enough time as a new trader
figuring out the market. Products and services that I pay for
like TB and IB shouldn't be adding to my distress. They
should be providing the service they say they offer.
And when a company representative from TB tells me that I have
to choose...........you can have big slippage or you can have TS
and IB out of sync, because they don't have a product that
actually provides the service they say they
do.......... well that's just unacceptable. Fix the
(*&^% problem if you know it exists.
I'll bet it was the same glitch that we had. A double position
would be the result. I think you'll find that your profits are less
than your TS strategy shows.
Correction: There was no signal in TS although IB obviously
covered and bought. Weird and somewhat annoying (although I don't
mind phantom signals when they actually make me money, but since
this has only happened once...)
AIG strategy glitch
Posted by user32 on 30th of Oct 2009 at 04:03 pm
Did anyone else (other than me and Deberah) get a mysterious phantom signal on AIG today? There were 2 signals (long, then short), but suddently my IB covered and bought AIG late in the day, but there's no signal anywhere in IB saying that it bought. My theory is that TS sent bad data, and then took it back. Is that possible? Anyone else have this weird issue?
Yup, happened to me to.
Posted by sharonrose on 30th of Oct 2009 at 10:57 pm
Yup, happened to me to. Covered my short and went long, with no signal from TS.
Then did not exit end of day. Good thing i checked, and sold it after close.
well -- I left at
Posted by Michael on 30th of Oct 2009 at 04:49 pm
well -- I left at 3:45 and came back to find that instead of owning no AIG in the system trsade, I had a double position -- somehopw istead of exiting the short position at end of day it covered and went long a double position. I just don't have the energy to look up all the trades right now to try to figure it out.
Michael, here's what happened with your
Posted by user32 on 30th of Oct 2009 at 09:05 pm
Michael, here's what happened with your AIG in my view. You should have been short AIG near the end. However, the phantom glitch we're talking about covered your position and went long AIG. So you were long coming into the close in IB. Then, at the end of the day, your TS still thought you were short, so it bought to cover again. Hence the double position.
Once again, I think it was a spike in AIG's price in TS, which was then auto-corrected by TS (so none of us saw it when we looked). We were then all left with long positions, although TS still thought we were short. I was able to catch it in time to adjust it before the close, but it looks like this glitch erased the majority of what would have been the day's profits. These things are bound to happen from time to time I guess - the price of trading on autopilot.
thanks -- sounds like trhe
Posted by Michael on 30th of Oct 2009 at 11:10 pm
thanks -- sounds like trhe same problem. But for me, it did not seem to hurt the gains much, I sold shortly after the close and lost a few cents per share compared to the close. Its funny though -- I would have thought that IB would learn about TradeBullet and be able to be of some help, considering that TradeBullet gives many people to open IB accounts. But no -- they know nothing, and don't care.
You know, I sort of
Posted by deberah on 30th of Oct 2009 at 09:21 pm
You know, I sort of find it fascinating that we as Amerians have come to be so passe about crappy technology and crappy customer service. I've never met anyone who works for IB, but, I'm certain that "it's not my problem" is tatood on each of their heads.
"phantom glitch" ........."these things happen from time to time" BullS*^%! They happen every single day. Too frigging much!
I guess its because we're so big on bailing out and rescuing companies that deserve to fail that our American companies believe that it's ok to provide poor parts, poor service and bad customer service.
I for one think they all deserve to go out of business. I'm sick of bail outs. People die. Companies that provide bad prducts and poor customer service should too. And, yes, I'm crabby. I'm having a hard enough time as a new trader figuring out the market. Products and services that I pay for like TB and IB shouldn't be adding to my distress. They should be providing the service they say they offer.
And when a company representative from TB tells me that I have to choose...........you can have big slippage or you can have TS and IB out of sync, because they don't have a product that actually provides the service they say they do.......... well that's just unacceptable. Fix the (*&^% problem if you know it exists.
Sorry, but I'm really p*&^^d
I'll bet it was the
Posted by user32 on 30th of Oct 2009 at 05:54 pm
I'll bet it was the same glitch that we had. A double position would be the result. I think you'll find that your profits are less than your TS strategy shows.
Correction: There was no signal
Posted by user32 on 30th of Oct 2009 at 04:10 pm
Correction: There was no signal in TS although IB obviously covered and bought. Weird and somewhat annoying (although I don't mind phantom signals when they actually make me money, but since this has only happened once...)
I shut if off early
Posted by steve on 30th of Oct 2009 at 04:04 pm
I shut if off early so I can't say for sure.
hm...care to elaborate on that
Posted by 1800promote on 30th of Oct 2009 at 04:07 pm
hm...care to elaborate on that steve...why did you shut it off during the day?..