Interestingly ... to me anyway....you never told us of the outcome by the by.
but anyway.... a link from an exchange between a CBOE MM an another person who got hummed.
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Yes you have a good basis for an arbitration complaint. You'll hear a lot of
comments about whether or not it is worth it....none the less....file your claim.
xxxxxxxxx.com wrote:
> xxxxxxxxxxx,
>
> I have been putting up with LFGs elect order and Cubs being down for
sometime.
> Let me also tell you what happended in the last 2 days. I bought one S&P
at
> 127970, the price ran up and I put a stop at 128030, the price came down
and
> hit the stop level, considering the lag time on price entry on the down
Cubs,
> I figued the stop wasnt in , So the price runs up and I do a cancell and
> replace at market .
> Leo finally shows my buy and a sale at 128250. So I figure I am out for
the
> day. At about 7:00 PM central I look at my email and LFG shows the buy at
> 127970, the sell at 128250, and also a sell at 128030. So I call the
globex
> no., tell them my situation,
> and buy one at 128010, so that I think I am flat. The next morning , on
> Globex I buy an S&P at 127500, the market starts going aganst me and after
the
> phone at Globex,LFG, ringing for 5 minutes , I get out of the trade at
126710,
> a big losses for me. I then get a call from LFG that the 128250 wasnt my
> trade so I am long from
> 128010 with the market at about 126800, so I dumped the trade at 127050,
this
> was a $4,400 loss which pertty well wiped me out. Do you or any real
traders
> thing I have a basis for abrttration?
>
> Thanks,
> Dennis
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A lot of people think they are doomed because they believe what the people from the firm they made the trade from will tell them.
It never ceases to amaze me that people will believe their broker, who usually knows less than anyone else. |
