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Quick question...

  • #1
  • First Post: Jan 24, 2006 2:31pm Jan 24, 2006 2:31pm
Can someone please give me a clear answer to this question... If I get stopped out or close out an order at a loss, who gets that money?
  • #2
  • Jan 24, 2006 2:53pm Jan 24, 2006 2:53pm
Quoting jimsasya
Can someone please give me a clear answer to this question... If I get stopped out or close out an order at a loss, who gets that money?
Me!!
  • #3
  • Jan 24, 2006 2:58pm Jan 24, 2006 2:58pm
Quoting jimsasya
Can someone please give me a clear answer to this question... If I get stopped out or close out an order at a loss, who gets that money?
The one who is on the otherside of the trade. In most cases it's a market maker, such as your own broker. Or it could be a bank, another trader, etc.

JohnFX
  • #4
  • Jan 24, 2006 3:18pm Jan 24, 2006 3:18pm
Quoting JohnFX
The one who is on the otherside of the trade. In most cases it's a market maker, such as your own broker. Or it could be a bank, another trader, etc.

JohnFX
yep or put another way, its someone else.
  • #5
  • Jan 24, 2006 3:55pm Jan 24, 2006 3:55pm
Most likely someone here following J16 PA, and most likely not anyone on the Moneytech complainers forum.
  • #6
  • Jan 24, 2006 4:13pm Jan 24, 2006 4:13pm
Quoting drjoe4x
Most likely someone here following J16 PA, and most likely not anyone on the Moneytech complainers forum.



LOL. NOW THAT MADE ME LAUGH.
  • #7
  • Edited 7:31pm Jan 24, 2006 7:23pm | Edited 7:31pm
Nobody. The fact that you bought currency pair from somebody does not mean that this guy lost money because of that. The same way if you closed your position ( sold a pair ) it does not mean that somebody who bought it from you made any money. It might be for him well a brand new position and his P/L would be 0 minus spread.
  • #8
  • Jan 25, 2006 1:33am Jan 25, 2006 1:33am
That sheds some light on the subject.
  • #9
  • Sep 16, 2018 8:26am Sep 16, 2018 8:26am
The person who you sold it to takes ownership... They may hold it.. or flip it for a quick buck!
The only system that will work is one designed by and for yourself.
  • #10
  • Dec 28, 2018 4:38am Dec 28, 2018 4:38am
Quoting jimsasya
Can someone please give me a clear answer to this question... If I get stopped out or close out an order at a loss, who gets that money?
Who were in the market (against the position from you).
  • #11
  • Last Post: Dec 29, 2018 10:25am Dec 29, 2018 10:25am
People holding positions in the opposite directions.
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