eTrade issues:
1. Whenever you place an order with them, eg BUY OGC 96 that means your capital is tied up, it you can't have two orders waiting to be filled in case one gets filled - it's either or. Don't know if that is "normal" with other brokers
2. Sell orders. If you have a conditional sell order, it's not placed in the stack, therefore when it triggers you are at the end of the queue. I believe the eTrade system places an order three ticks above/below your trigger price. This is their best endeavour to ensure you don't get slippage (where price jumps your buy/sell price). So if you order says IF 98 triggered SELL 96.5 (the order is placed and will go through at the highest bid, so if there are buyers still at 98 you get 97.5. So the problem is, if I want 98 as the trigger AND the sell price you can't have it. If you want 98 you have to have a trigger of 98.5 but the price might not get there and you miss the sell.
3. If you put in a normal sell order say at 98, you cannot put in a conditional sell (like a stop loss). Well at least that's what it tell you in the error messages. Whether or not the conditional sell would still trigger and cancel the other out I don't know.
4. I have them looking into a problem where it seems to be that eTradePro cannot recognise linked accounts. I have two separate accounts that I trade with under the one login, but the latest one, my main trading one, won't let me place conditional orders, because it thinks it's the other account, which doesn't hold the shares I'm trying to place the order for.
Sheesh
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eTrade issues:1. Whenever you place an order with them, eg BUY...
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