Cbot Down!!!

[LT701]

well, the stop executed as soon as it came back up, 54 points below where it was set

piece of *&^%ing %^&# ecbot

 

[OldTrader]

Quote from empee:

i lost $12k thru IB I think about a year or two ago when something similar happened.

"oldtrader" told me to go fuck myself cause IB had such great commissions. (well, essentially he wrote along diatribe about how I was essentially a loser for complaining/making note of this) I see the hypocrite is here again.

Your basically screwed. IB will absolve themselves of any responsibility. If you trading size, you need a real broker.

empee

I don't recall it. But in this case the exchange went down. That's hardly IBs responsibility. And likewise, if the stop was close to the price traded when the exchange went down, they might not know right now whether the stop was elected.

Now, go fuck yourself.

OldTrader

 

[LT701]

every day, a new trap door to fall through

 

[myminitrading]

Quote from opm8:

Don't worry because whatever the CBOT decides will screw over all the small traders and make a truckload of cash for the big houses. You're a founder of GS, BS, etc right?

opm8

Now just think like the big houses, then you will have em licked. Think like a total crook, a wicked banker.

 

[myminitrading]

Quote from faith4more:

To Hedge Mini Dow

Buy or sell 5 DIA options for every contract you own or have sold.

Thats what I said, I would have just used the shares.

 

[CaptainObvious]

Todays activity defines the need to understand the 'fine print". In the end, the risk is all yours.

 

[myminitrading]

Quote from syswizard:

Now that the CBOT has merged with the CME, does this mean the service will get even worse ? (or better ?)

I won't matter, just trade what you see. Focus on the now moment only.

 

[maxpi]

What are the liklelihoods of gaining or losing when the exchange goes away suddenly... If you are daytrading and happen to be flat, fine, take a break.. if you are not flat there might be a 50% chance the market moves against you so essentially it should average itself out over time really and if your accuracy is greater than 50% then chances are you are going to be ahead of the game when the exchange comes back online.

 

[whitster]

i can't believe all this whining

again, you can OFFSET your positions when CBOT is closed by using DIA or by using ES

exchanges going down is part of trading

if you do not have a risk management plan to deal with these things then you should not be trading.

trading is about DEFINING risk

the post about "it averages out over time" is absurd and shows a misunderstanding of risk

the point isn't that you should hope for the best due to law of averages. the point is that you protect capital

you simply watch DIA or NYSE:$INDU when YM is down and when your target was met on the short, you go long one ES or 500 DIA to hedge neutral

simple. and you should have this stuff planned before you trade.

losing traders blame others. professionals take responsibility

 

[austinp]

In my time of trading, the CME has been down once. During that period of years, the CBOT has been down at least six - seven times.

One major reason why I don't trade anything on the CBOT... too bush league for me.