Understanding Open and Close Orders in VeighNa
Summary
A trader reports confusion about how orders and positions behave in VeighNa. They describe placing a short-opening order that remains unfilled as market prices move, and difficulty selling a long position at a price above its entry level. Their account suggests they expect a limit order to execute once the market reaches a quoted price, but the post does not provide enough detail about the order type, exchange, contract, or market data to diagnose why it remains active or is rejected.
A reply clarifies the terminology: “short close” describes a sell instruction that closes an existing long position. The useful lesson is that order direction and position effect are distinct concepts, and that an order’s price reaching a displayed level does not by itself establish that it should fill. The thread offers no technical investigation, resolution, or execution evidence, so it is an introductory clarification rather than a guide to troubleshooting order routing or matching.
Key ideas
- Order direction and position effect are separate concepts in trading systems.
- A short-close instruction sells to reduce or close an existing long position.
- A limit order may remain unfilled even when the displayed market price reaches its limit.
- The discussion does not identify the cause of the reported order behavior.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.