Slow order fulfillment and ticks
1
By Marky_G19
I do not recommend this app if you’re trying to learn the stock market and how to become a Day trader. I spent months trying to find a decent screener that is not also free, but have paper trading as an option. Today I was making a big trade made a $70 profit on it, which is good considering the fact that I’m learning .I put in an order to close on my position to take the profit and I try two different ways I tried to sell it at market price, and I even try setting a stop limit on my position.
It took so long for the order to fill to close on the position that I not only lost that profit, but I ended out losing more on the position, even after the price finally hits my stop limit. Needless to say after the first trade, I traded again but this time more aggressively and I made the $800 profit. Once again I go to close on the position and it takes so long for the order to go through, I lost that profit and now my gains for today is in the negative balance by hundreds of dollars because it took so long for the order to go through.
If I’m going to take daytrading seriously, I’d rather simulate somewhere where the orders would be more instantaneous than having to wait for so long and leave money on the table. With that being said, I do not recommend this.
