CL Trading halts levels help

Discussion in 'Commodity Futures' started by Daniel.a, Apr 22, 2020.

  1. Sorry if this is a dumb question, just trying to understand how this works: If you went short at $5.00 and you buy back at -$25.00 did you just make $30.00? If you are short when it's negative would you have a hard time closing position?
     
    #11     Apr 22, 2020
  2. That's why TOS forced everyone out before it went negative. They didn't know how their system would handle it. I mean, you can't even enter a negative price limit order on their platform. There's always the chance if you shorted at $5 and put in a market order to cover at -$25, the system might just ignore the minus sign, and instead of giving you a 30 handle profit, it gives you a 20 handle loss.
     
    #12     Apr 22, 2020