This morning while in a trade placed using an ATM in Chart Trader, after closing the trade using the Close button, I ended up long 1 contract instead of flat. This is the second time, and after talking to some other people over at BMT, it has happened to them as well.
I believe that the market order being sent to the market to close the position is triggering the stop order that is at the same price.
I entered a 2 contract short and had already taken profits on 1 contract. When I closed the second contract 1 tick below my stop, I ended up long 1 contract instead of flat.
In the order grid, I see an Exit as Target 2, but an Entry as Stop 2 at the same time. I would think that the stop order should be pulled prior to submitting the market order to prevent this from happening. This is the second time in 2 weeks it has happened to me, and the reason I don't just let my stop get hit is because I trade an instrument that isn't very liquid, so the stop sometimes won't get triggered by 3+ ticks.
I believe that the market order being sent to the market to close the position is triggering the stop order that is at the same price.
I entered a 2 contract short and had already taken profits on 1 contract. When I closed the second contract 1 tick below my stop, I ended up long 1 contract instead of flat.
In the order grid, I see an Exit as Target 2, but an Entry as Stop 2 at the same time. I would think that the stop order should be pulled prior to submitting the market order to prevent this from happening. This is the second time in 2 weeks it has happened to me, and the reason I don't just let my stop get hit is because I trade an instrument that isn't very liquid, so the stop sometimes won't get triggered by 3+ ticks.
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