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help me understand limit up? emergency
- Thread starter angel_king
- Start date
Quote from The Kin2:
This limit business is so stupid. It should be closer to 5 or even 10% per day. That might open up the door manipulation and squeezes, but we're in a free market.
I don't trade Arg, so I don't know what I'm talking about. Just an observation.
Thats is exactly what would happen (manipulation and squeezes)without limits. See the great March Wheat spike of 1996 . . .
The March-1996 Wheat isn't a good example. "It" happened on the last trading day, during the last minute of trading in that contract. The only market participants who had any business having an open-position at that time were commercial users, not speculators. Instead of a single, fixed price limit, it may be better if there were multiple upside and downside limits, similar to stock index futures.
I reversed with 10 contracts . . . so net long 6 contracts seconds after the open yesterday. I pulled out 10cents on each 6 contracts for 3k. But still in the hole from the original shorts.
i dont know what to think BOUT CHI MARCH? LOCKED LIMIT SEVERAL TIMES BUT ENOUGH SELLING AT 1063 TO PUSH IT OFF AND BACK DOWN, ANY OPINIONS HERE GUYS??
Quote from Rtrader2525:
i dont know what to think BOUT CHI MARCH? LOCKED LIMIT SEVERAL TIMES BUT ENOUGH SELLING AT 1063 TO PUSH IT OFF AND BACK DOWN, ANY OPINIONS HERE GUYS??
I don't think Chi March is running the show right now. I think Minni is running the show. Chi is the weakest out of all of the wheat products, it came off, but kansas and minni did not. I don't think there will be significant selling in chi until minni starts to at least level off. Just my opinion, not an expert.