F that, back up. Long 18 cars of cl at 70.45. Just gave up a lot of open equity, covered at .81-.84 when trading just came back up.
Haven't had that happen since I traded the ym on the ecbot pre-merger. That being said I am sure some of the squeeze higher in cl was whoever could trade knew they had some suckers stuck short. Just happy they were buying to cover while I had to sell, the pop at 3:38 est occurred just as I received the bulletin.
I remember that!! eCBOT totally down and dark for over 4 hours. All orders including sitting GTC's were cancelled too. Kids today have no clue how today's tech can hurt them.
I was trading the ES in March 2001(?) when the computers went down for hours. I was in a trade and a newbie so I didn't know how to hedge. I was down over $1000 before it came back on. Be prepared with a backup plan if you are trading index futures.
https://www.zerohedge.com/news/2018-07-11/cme-exchange-reports-widespread-technical-problem Question: CME has gateway issues impacting SOME but not all firms. Should they have shut the exchange for all?
Best practice is to keep position sizing to a level that won't hurt you when this kind of thing happens.---Really quite simple.
Question: CME has gateway issues impacting SOME but not all firms. Should they have shut the exchange for all? No - why end price discovery for all.
I had a hedge prepared if it moved a couple bucks against me. Would not have been my worst trade and would still live to trade tomorrow.
They charge separate pro data fees for each exchange, ECBOT,GLOBEX,NYMEX But they all go down together. Nice little scam run by the CME.