Circuit breaker!

Option_Attack · Mar 9, 2020

'Tis true in the fear/greed spectrum that fear is the stronger emotion, so more chances of market chaos on the down side.

Seaweed · Mar 9, 2020

ktm said:
I like the pauses. The algo's are a bigger deal now and could cause what would be high volatility to turn into absolute chaos. I think people can agree that we want to KNOW what the actual price is in real time and be able to make decisions with valid, current data. It seems like the pauses help in that regard.

Along with this, I would say many algos are turned off today. The price action, considering the current environment, is very tame right now. I can only conclude that most machines are off other than simply MM and traders doing it manually.

Turveyd · Mar 9, 2020

Seaweed said:
Along with this, I would say many algos are turned off today. The price action, considering the current environment, is very tame right now. I can only conclude that most machines are off other than simply MM and traders doing it manually.

Looks tame then you realise that little move down in YM was 300pts.

Circuit breaker then a gap down 1000pts doesnt make sense.

d08 · Mar 9, 2020

RedDuke said:
but human nature is the same. Sometimes a small period of time is needed to catch a breath

Humans still trade?

d08 · Mar 9, 2020

Seaweed said:
Along with this, I would say many algos are turned off today. The price action, considering the current environment, is very tame right now. I can only conclude that most machines are off other than simply MM and traders doing it manually.

Why would they be turned off? This is some of the best environment in years. Take a look at VIRT action.

Seaweed · Mar 9, 2020

d08 said:
Why would they be turned off? This is some of the best environment in years. Take a look at VIRT action.

I'm basing this on the movement. Its quite tame to be honest after the initial ramp up higher from hitting the 7% limit down.

KCalhoun · Mar 9, 2020

CB halt stopped the selling briefly, bouncing a bit so I'm using tight stops on inverses SQQQ UVXY etc.

Bounces in UWT GUSH UGAZ.

Choppy af rangebound market after gap down due to halt, maybe volatility picks up in afternoon.

piezoe · Mar 9, 2020

d08 said:
That's illogical. We have plenty of processing power and data bandwidth to process everything. It's not 1993 anymore.

its our brains, pencils and phone lines that need the time; not the servers.

Turveyd · Mar 9, 2020

Someone laughed at me for YM below 20,000 by the end of the month, don't think he understood the shit storm that's coming.

elitetrader01 · Mar 9, 2020

don't need circiut breakers.. they can just ban market sell orders if they don't want a 'crash' or limit short selling.
there is no need for halting the markets. or require cash for overnight positions or ban overnight. trading as it's too illiquid. especially in the leveraged futures markets. daytraders don't really care about these volatile markets. and cannot trade these illiquid volatile markets. too risky. and too illiquid , you have 1000 contracts for sale,,and ZERO bid.
the fed created an avalanche by allowing this ponzi scheme to go too high..now everybody wants cash. and nobody wants to buy.
now they want the gov't to buy bond and stocks from private investors???
the gov't regulators and Fed created this market. by inflating too high. and ban selling and did a force short squeeze. the market is and still is 'manipulated' if now the gov't is force to buy. it was not allowed to trade 'freely' you won't get these spikes and crashed. and trade more smoothly right now it's whiplash trading and these algos are crazy..stops in all trades and no positions over the weekend or overnight in this market. the 'market' is too illiquid and too manipulated.