Cbot Down!!!

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

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

 

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

 

every day, a new trap door to fall through

 

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

 

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

 

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

 

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

 

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.

 

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

 

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.