I have placed a stop loss limit trigger order at 13 with price as 14, which got hit even though price has not reached that point. Got surprised as the price difference between them was almost 5 points. Checked the chart as well which at that point made a high of around 7. What could be the reason here ? also why option charts don’t show the exact price ? have also checked with other brokers, its same everywhere.
Hi @Sajesh , this can happen because charts don’t display every trade that happens at the exchange. If the price briefly traded at your trigger price and moved away, it could trigger your SL even if that price isn’t reflected on the chart. We’ve explained this in detail here: Why did the order get executed despite the price on charts and market depth not hitting the placed order price?
Also, yu can always verify the executed trades on the exchange. Explained here.
Thanks, is this something related to stop hunting ? the spread looks too wide and could have got executed at much lower level as it’s quite liquid.
This doesn’t happen in our markets.
@Bhuvan has explained it well here. Suggest yu check this thread:
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So if someone did have a strategy like “stop-loss hunting”, trying to figure out retail orders, etc, the best option would be to subscribe to exchange TBT data feed. It’s quite complex and expensive, but available to anyone, and is offered by almost all Indian and global exchanges.
Saw this on above post, any better source to understand this ? So even if brokers are not compromised, order flow data can be accessed i believe.
Pretty sure it does happen in our market. You don’t need exact position of SL. You just need a range or a psychological or a technical support. It’s not hard to guess where the majority has kept their SL. Also the previous thread is BS. There are people here who doubt the legality of SEBI’s order on Jane street. However, the order statement if you read, without doubt, proved the existence of players, who could move the index - The fact is JS controlled upwards of 15%-25% of entire market’s trading value.
Further, in all the scrips (except HDFCBANK), JS
contributed 15–25% of the entire market’s traded value — a remarkably dominant share/ concentration. For perspective, the next highest participant’s concentration in any of these scrips was much smaller (e.g. the next highest participant concentration in KOTAKBANK cash segment during the aforementioned general buy patch was only 8.09%, as opposed to 23.21% for JS Group), underscoring the disproportionate footprint of JS Group’s activity
That a single group controlled more 20% of top stocks that make up index is a fact and is not disputed. Now, if that’s not enough, all you need is to join forces with the second top participant. It’s not hard to imagine two people colluding to make millions. The following statement is factually false:
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Was soooo happy to read this. I was tired of telling people that they need to accept when they lose the trade than blame it on someone. Like big players, institutions, Jane street bla bla. Should accept responsibility and move on.
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Order flow is available, colo setups get these.
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