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That depends on exchange, order type, and broker.

I suspect that liquidation is not 100% automatic - that would be stupid (could cause all kind of market instability like flash crash). So I assume there is some account rep which looks at the account positions and initiates liquidation via some algo of his choosing. That's is why I think the...

K, then you need to make sure your order is held on the broker's server closest to the exchange it will be sent to.

You can choose patient or aggressive.

You are using latency sensitive strategy. I doubt very much any retail broker can be expected to have such expensive infrastructure, at least not for general public. Are you triggering your order manually or do you pre-set the limit order ahead of the event?

I would be curious to know what algo was used. Maybe Frank was the one actually liquidating using his choice of algos available and didn't try to minimize the impact. I don't understand how IB can't simply call the client and force him to liquidate himself when significant amount is involved.

@tommcginnis, thanks for sharing, but it's not going to suit the OP: "it is currently impossible to request tick data"

Hold your horses ... There are limits on the number of symbols you can subscribe to. Stocks or Futures?

Did you see Dean Handley's review of him? What do you think? We can safely say that most of educators are fraudsters, so if I review them all/most negatively, I am going to be right most of the time. If he would instead only provide positive reviews, then his success rate would be much lower...

Sounds like a buy and hold to me, not trading, and definitely not an edge in itself.

Sure

Are you restricted to IB? If so, I suggest you break your order in equal chunks and try using different IB algos side by side. If you can't break your order, then just have to play around with IB algos. I don't know what specific info you are looking for, but results will depend on many...

Because, all games aside, to profit directionally one needs to actually get into position and get out of position. Below is from pit trader: One thing I would add is that while the concepts maybe the same, some instruments lend themselves better to this kind of trading than others. In my...

I agree, but I suspect you would rather PM selected people. I see more and more direct and indirect solicitations for some kind of mentoring. After the initial post, I don't see them involved in any information sharing or participation. But this may be different.

So the main reason is to swap ideas? Most people join chat rooms to learn. Are you going to teach?

I second that. Many people think that having more time dedicated to trading will be beneficial. But it actually brings new challenges. One thing I will add that having one trading method that works is subject to seasonal and volatility conditions that may not be favoring you during the...

Lol, always fun to read your stuff, Overnight.

Why not? It's doing a great disservice to the community. BTW, Dean's reviews sound pretty convincing where he has certain benchmarks that need to be hit to qualify and he checks track records. Did your guy provide all the info or did he refuse to cooperate?

I don't know, but I can agree that you can't trust no one 100%. Need to be skeptical of everything, but not outright dismissive either.

Did you see the one I posted recently? It's pretty good. I assume you know about Dean Handley. Oh, and check out his review of tradingschools!