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A power back up system would've been helpful:confused:

Not a chance that this is or could be the case. You really only need to trade 1000 contracts per side for the Entire Month for a lease to be beneficial.

Huge losses no doubt. Some idiot, (either intentionally or out of pure stupidity) hit the wrong button or was testing in a live environment.

Look at this T&S for ZB. You don't see this kinda shit even with a wild NFP number. 05/04/2008 ZB 08Jun 116245 8:21:43 PM 20 05/04/2008 ZB 08Jun 116235 8:21:43 PM 48 05/04/2008 ZB 08Jun 116220 8:21:43 PM...

"One of the trading firms had a database issue," They have more issues than that now. http://www.reuters.com/article/marketsNews/idINN0545888120080505?rpc=44

The kind of program that loses money:eek:

It's just what I've heard over the wires. Who knows where that info came from.

I heard it was a fat finger error 15,000 lot at finger error in ES. This kicked in numerous programs across many futures markets.

Yes on all accounts. The 1/2 tics took away a ton of spread trading volume and some market making scalpers. These participants accounted for a good percentage of the volume in the 30's. This is why the margins have increased so much for them, they simply have to move more since the bid/ask is...

Nice. Too thin (and scary) for me to attempt that.

You held through the number? Big cajones needed for that if already underwater by 3/4 of a point.

Inow, you don't have enough cushion to trade anything with that amount. You're better off getting more capital and continuing to train. All traders pay tuition to the market and only a few graduate.

LOL. I realized my mistake when I saw his thread about trading ES with a $3800 account. I then wondered how he could have 6 screens? :p

there is nothing that makes me want to break all 6 of my screens than to short this piece of $hit over and over from 118.07, 118.075, and 118.06 in a 30 minute stretch and stocks are going to the moon then to get out at 118.07 go take a break come back see it at 117.20. Then you think it's over...

Trade ZN like you said. The 10's have stopped following the 30's when they make those ridiculous stop pops.

I've known a few traders who were there. Yes, they do exist.

It really depends on time and sales and the trigger for your stop. If your stop is "if touched" then it would look like that. If not, then you may be stopped out later on. Use stop market orders for Zn. The slippage "usually" isn't bad. Just steer clear of economic releases and the slippage...

Yes, it would look like that......maybe:eek:

Stop limits may not always get filled.

Get a point to point T1. Any connection that propagates through the internet is way too inconsistent and unreliable for a scalper