Everyone traded their own account at those times (and now too) -- the bigger, and more important, question is how did you fare...
Did those events cripple you, or are you one of the rare one's to prosper?
AMP Margin for Positions opened in night times
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Everyone traded their own account at those times (and now too) -- the bigger, and more important, question is how did you fare...
Did those events cripple you, or are you one of the rare one's to prosper?
If you re-read, then you will find that I made specific points as to what I would offer. You are playing with terminology here which makes no difference. Call it Day or Night session, call it whatever you want. Fact remains that you are exposed to a flash crash at 8am ET, noon, 3PM, 5PM, 9PM, 3AM, in fact always. If you in fact traded during the periods you mentioned then you should be well aware that a 500 dollar margin does not cut it and in fact kicked out many undercapitalized traders. So did the CHF depeg from the Euro, and so did many major events that put capital at risk that was highly leveraged in any asset class.
Actually genius the flash crash wasn't a flash like the CHF deal. It was panicked but price traded at every level without huge slippage. So if you are a day trader and traded with stops you would have been fine. Please enlighten all those times that ES dropped 100/200 points in seconds.
And sorry guys, respectfully if you can trade a 4 lot well for every 100k you should be able to trade a 25 lot for every 100k or more - up to a total position of 300-500 ES. Assuming scalping level frequency.
Access to leverage is a good thing, proper risk control and a good strategy takes care of the rest....right @lawrence-lugar ???
Access to leverage is a good thing, proper risk control and a good strategy takes care of the rest....right @lawrence-lugar ???
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Incorrect. During the flash crash there was during several minutes no liquidity on the bids. Nobody was stepping in to buy. Please get your facts straight.
Nope....and any illiquidity like that would have been after steady selling (plenty of time for day traders to get out with their stops).
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Robert Morse
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Everyone traded their own account at those times (and now too) -- the bigger, and more important, question is how did you fare...
Did those events cripple you, or are you one of the rare one's to prosper?
That is a good question. Keep in mind that I had market making responsibilities at that time and had to trade vs walk away. In general during those times of stress I found that I would typically lose around 1/3 to 1/2 of what an average month's profit was during the event, then made it back within a week.