Quote from Corey:
Thoughts?
First are you actually making money today? I ask this in all honesty because coming from a software developer IT background I/we have a habit of doing all this planning for nothing...
If you are making money then the cost of running the most appropriate IT is not going to matter diddly squat since you are making money. Thus if it costs 300 USD per or 10,000 USD per year it will not matter. Trust me on this! When you spend 10,000 per year you can get a lot of redundancy automatically built in.
Now if you are not making money and planning on the cheap I say you are pushing a string.
When the power went out in your town for two hours was it during a storm? Well, one can plan for that and avoid trading.
The way I handle things is very simple. I have a DSL connection at home, and I have a cell Internet plan. Thus if things go down by us I get my laptop, cell phone and shut my positions down.
If you say, but hey what if the cell towers don't work? Drive an hour to where the cell towers do work. If you say, but there is a storm, then I reply watch the weather and avoid trading during storms. Its actually pretty easy...
Then when you make lots and lots of money you can think about wasting it on redundancies. Because what you will be doing is wasting money. Think about it as follows. Power goes down, and the back up keeps trading. Are you really willing to let the system keep trading without you being able to do anything? That would scare the bezeers out of me, and I write software for a living that trades on the market.
Trying to keep a system running so that your trading system does not have to reboot is also asking for trouble. What if the systems get out of sync? What if the market disconnects and goes down? I see it everyday I get warnings that exchange X cannot trade, and then an hour later the exchange is up and running again.
As much as people would like "money printing presses" while they go fishing, that is not a solution. Because if it was that easy we would all be doing it!
