"Something Disturbing Happened" - Words Of Warning from futures trader

[platvis23]

Anyone wants to share any thoughts/comments on this post by zerohedge on saturday?

http://www.zerohedge.com/news/2016-...appened-futures-trader-has-some-words-warning

Ps: I just started trading ES futures on a demo account. This doesn't sound like good news...

 

[CBC]

Send through a stop market order. Which you should be doing anyway.

 

[IAS_LLC]

How can people take zero hedge seriously?

 

[speedo]

Ignore it, I've been trading the ES for about 14 years and sometimes it's better than other times but nothing material has changed. Just develop a viable plan and have the discipline and patience to stick with it.

 

[syswizard]

I wonder if those price bands get triggered when OCO orders are placed (One Cancels the Other) ?

 

[IAS_LLC]

To me, it just looks like they exist to prevent someone from placing a massive order outside the normal trading ranges and shocking/spoofing the market. They seem to be pretty wide to have much of an implication for anyone "day trading".

 

[CBC]

Its like that here in Auz on the local Fut contract. You can only enter 5 strikes above or below for that reason.

 

[clacy]

Zerohedge is concerned that something conspiratorial is happening.... What else is new

 

[Vertex]

Watch the video here for how price banding actually works.

 

[syswizard]

Send through a stop market order. Which you should be doing anyway.

Exactly....as Stop-Limit is only for those who hold overnight IMHO.