I got a great fill this morning in [[EFU]] . Not actually. Some $%^& at the Pacific Exchange filled my order and 5 others at $163.92, or better than 8 points above the listed open.
I have to say that was not how I intended to hedge my longs.
I think that the Big Bamboo has racked up another loser, as it appears that EFU stopped out, having surpassed the 4% stop by about half a point.
For those of you who took this trade and didn’t get screwed by the market makers, It looks good going into tomorrow.
Yup, I got the same fill. My stop filled exactly 36 seconds later.
Dan, Scottrade does not allow orders to offset stops from the entry, so I’m still in the trade.
I’m really sorry to hear you had the same problem.
count me in on that one too.
Some of these ETFs have the worst MMs. SSO is another bad one.
SDS is sorta decent, that guy has conscience.
Well hell, it seems a Pacific Exchange MM has had a little fun at our expense.
For those who are mad that I don’t divulge more strategy trades, here is a good example why I don’t.
Luckily, EFU is one of the most illiquid ETFs that the Big Bamboo will trade. You all may recall that Susan had some trouble with SCC a few weeks ago. It is also fairly illiquid.
I might be missing something here but why didn’t you put in a limit order based on some 5 – 10 day intraday chart?
Juice the system is quick to enter and quick to exit and tests well with market orders. We have tested using limit orders on a similar system and they underperform. As I’ve noted previously, most slippage has been positive. It just seems that EFU and SCC have been giving us trouble.
Why didn't you use a limit order?
Limit orders did not perform as well in backtesting.
ouch… I entered shortly after open for 154