Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
At the end of your day-trading session, how do you go about confirming you're flat?
I use Sierra Chart, and I know it says 'flat' in the trade window and the 'Cancel All' button is greyed out (so there's no pending orders), but I worry sometimes it's not telling the truth.
I get paranoid about a forgotten order triggering overnight while I'm asleep!
Can you help answer these questions from other members on NexusFi?
It's a while ago that I've used SC, but I guess if it says "flat", it just means the current (active) contract, I don't know how SC works in this case, but most trading-platforms have a window, where you can see "working orders", watching this window should help
I generally run a 2nd platform (R-Trader Pro) on a separate laptop to monitor my position while I place trades in Sierra Chart. When I'm finished, I shut down Sierra Chart then do a final check in R-Trader Pro before shutting that down too.
Thanks, I guess this is what I was really asking - i.e. whether people use something else independent of their main trading platform to confirm everything's flat and no orders have been left 'in the wild'.
I always confirm on my broker, I have interactive brokers tws open to always confirm there's no open position, this because, sometimes sierra chart has some ghost orders and I remember one time I flatted a ghost order and it closed on SC but as there was no actual real position the sell command became a real short entry on IBKR, so, always confirm on your broker