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The (MIS)Behavior of Markets: A Fractal View of Risk, Ruin, and Reward Benoit Mandelbrot, Richard Hudson

that was really bad luck with the gbl. turned around and went right up after you were stopped out. i´ve been watching the smi lately, not as jumpy as the dax. that was a nice entry, what made you decide to go short at 8370? the fact that it closed the gap to the bottom of the previous day?

yep, no globex data. so does that mean globex is down, or are orders still executed?

one other thing i´m worried about: suppose the exchange breaks down, you hedge your position, and when trading resumes, you find out your position was closed (stopped out or target hit) shortly after breakdown occurred, but you weren´t notified until systems were up again. so your hedging...

ok, think i got it now, that was stupid. minimum order size is 25000, margin 50:1, so i need 500 usd to buy 25000 usd worth of euro through ib´s idealpro.

papst, i never traded forex before, only the globex euro fx future, but if the minimum order size is 25000 and margin is 50:1, i would actually be buying euro worth 1,25 mio. dollars (25000 x 50), right? so hedging one contract would not work, i would be hedging minimum 10 contracts

i was simply wondering, how do you guys hedge your risk in case of a breakdown of the exchange, like eurex last week for example. i was wondering what i could have done, had i been long or short one or several dax futures. one idea would be to go opposite in er2, but i don´t think correlation...

nobody wanna give me an answer? from what i´ve read here so far, prop firms only offer trading stocks, what about futures and options trading? any prop firms in that business?

do prop firms also allow trading with futures and options or only stocks?

great book, i read it in german first and just finished the english version, definitely better than the german translation.

you´re right, redduke, my initial position never is more than one or two contracts, i might add one or two contracts when i´m in a winning position, so probably nothing to worry about.

just about all the info you can need is in the BT helpfile, otherwise try the BT forum at bracket-trader.com

are you saying you actually have 2 stops at the same time? a tight stplmt and a stpmkt disaster stop further away, to protect you in case the first stop isn´t hit? interesting, but what if both stops get hit? you´ll have a position instead of being flat.

trendtech, believe me, i know how volatile the dax is. i´ve been analysing the dax tick by tick for several years, i get out of bed with the dax, i go to sleep with the dax, and i´m not a newbie trader either, i´m 42 years, with about 20 years of part time trading experience behind me. i...

good suggestion, kiwi. i always try to figure out what is the worst that can happen during any single trade (probably too many black swans in my subconsciousness after reading talebs "fooled by randomness"). i trade with very tight stops, so simulated stplmt´s would be a good idea, but what if...

i´ve been studying and simulation-trading the dax for about 3 years now, results are great, transition to real trading is tough but getting better every day, even though i know it´s going to be difficult getting consistent results anywhere close to what i´ve been doing in simulation mode...