Damn, smoked on my auto and manual trading... Biggest losing day ever for sure... Tomorrow is an other day.
be careful I made a few hundred on a one lot but exited my long waay to early markets with small open interest are esp prone to nonsense like this www.100percentdesign.co.uk/ExhibitorLibrary/1418/thumb_green_shoots_7.jpg :eek:
To me, you only see that kind of crap on ICE...OJ, CC, CT. Spikes are more "user friendly" on GLOBEX, even on small Open interest contracts.
I got burned on that one too.. buy stop at 3149, filled all the way up at 3241, nasty slippage.... Looking at time and sales I see many trades going through at this level round 09.53.40, looks like many stops taken out. Hoping to learn something.... why 3% up before my order was filled, I can see a whole tonne of orders filled before, closer to my stop price..... I spoke to IB and their reponse was they cannot guarantee stop execution price esp in fast mkts.... any ideas on how to prevent this kind of slippage next time? I gather you can't place stop orders directly on this exchange? Stop limit, but then risk it not getting filled... second thoughts I think I'll be avoiding this market for a while.
Same here. Cocoa was one of my favourite instrument 2 years ago, I have to stop being affective with products...LOL
good humor man selling in cocoa now too http://curlywurlygurly.files.wordpress.com/2009/03/good-humor.jpg