Thread: Scotia Itrade limit not filled?
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Feb 8th, 2012 04:15 PM
#1
Scotia Itrade limit not filled?
Hi,
Somewhat new to stock investing. I had a large lot of a stock where my sell limit price was hit within the last 20 minutes of the trading hours, but Scotia Itrade never filled my order. I tried calling customer service but there is a 30 minute wait time. I'm wondering if it's normal for limit orders not to be executed and what the reason for that may be. If it's a case of Itrade being incompetent and others having a similar experience I might want to switch brokerages - if this price doesn't hold in the morning I may have lost quite a bit of potential money here.
Can any others who use Itrade comment on whether limit orders not being filled is a common occurrence or is something that happens to every brokerage?
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Feb 8th, 2012 04:35 PM
#2
Newbie
orders placed before you at the same price would be filled first. If there is not enough buyers buying up the orders ahead of yours, it wont get filled.
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Feb 8th, 2012 04:54 PM
#3
I use iTRADE and haven't had problems with limit orders not filled, unless it's a very thinly traded stock.
If you're trying to sell "all or none" that might put you at the back of the queue too - not sure about that. I almost always use limit orders and don't use "all or none" and it works for me.
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