Is there a way to get rid of price capping at Interactive Brokers? Except of course calling them for each individual ticker.
I had a situation few times when I had short position on a stock and the price went against me so I wanted to cover for a small loss, but I couldnít because of price capping. Unless you have another account without price capping where I would buy that stock, I just couldnít cover position that I already have. Not to mention buying ie promotion tickers on a day one (but thatís the price of having a wrong broker for buying promotions). Is there a work around for disabling price capping at IB?
Perhaps you should give a realistic example what exactly was your problem.
Normally, you won't have any problems covering any short positions during the regular trading session
as long as you are willing to pay the ask. If there's no spread or you are unwilling to pay the ask, you
surely won't get a fill. Simple as that.
The following user says Thank You to choke35 for this post:
yes it was during premarket and after market earnings play, i contacted IB and they said they will cap price sometimes in these environments and to call to have removed, my only issue was that by the time you call price has probably moved significantly. i just don't like someone else controlling my risk as i feel i do it best myself.
The following user says Thank You to esmini for this post: