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How do you confirm you're flat?


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How do you confirm you're flat?

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  #1 (permalink)
emmett
New Zealand
 
 
Posts: 45 since May 2020
Thanks: 33 given, 20 received

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!

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  #2 (permalink)
 tr8er 
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emmett View Post
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!

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

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  #3 (permalink)
TonyDee
Richmond VA
 
 
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I go into my positions tab in NT to make sure

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  #4 (permalink)
 shokunin 
Manchester, United Kingdom
 
Experience: Advanced
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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.

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  #5 (permalink)
 chipwitch 
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SC... Trade>>> Trade Positions Window?

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  #6 (permalink)
emmett
New Zealand
 
 
Posts: 45 since May 2020
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shokunin View Post
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'.

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  #7 (permalink)
Nobreceara
Dublin Ireland
 
 
Posts: 3 since Feb 2022
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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



emmett View Post
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!


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