not only can it, i can say with complete certainty that from time to time it will. the amount of money you make or lose isn't based on one trade: it's based on the aggregate of all your trades. how often does '87 happen? extremely rarely. can you create a plan that allows you to make enough on the 99.9% that aren't '87 to be able to afford exposing yourself to the essentially unpredictable risk of waking up to a '87? i believe the answer is yes. could i be wrong? oh yeah.
Kap: I'm so glad you're okay! My sympathy for your losses on 9/11. Cantor Fitzgerald suffered more than most.
Oh. It didn't tell me to go get it. But that makes perfect sense. I have to think a little more. lol I have some good info for us. Maybe everyone knows. People who use IB can only trade our YM during the following hours, EST: 12:15AM-5PM 8:40PM-11:50PM IOW, our trading is closed from 5PM to 8:40PM, and 11:50PM to 12:15AM. This is a limitation of IB, not of the futures exchange.
Well, I went and got it and it replaced my old one, but when I launch I still get told there's a new version and do I want to upgrade to it. This time I said "no." I guess I'll call Tech Support in the morning, if that dialog keeps coming back.
I suggest you to wait at least a couple of weeks from release even when you see that "stupid" reminder on your screen. IB stuff seems to be a master to release bugged version of TWS, I always check IB forum before a new installation to get info of malfunctions. Expecially if you use API functions for your trading. ps. Esignal with Equities,Indexes and Emini futures is about 80-90 bucks a month.
Thanks, Mark. You weren't around all day, either. You mean the IB Forum here, I guess? I'll poke around. Thanks again.
you also have to install it. open the little terminal window and "jar xf" the file you got. the advice to wait at least a couple of days before doing it is solid, i also keep backups around just in case.
Damir: You have balls and humility. I dig that combo. At first I was afraid that your strat was a method to not take losses. I thought perhaps that you were risk adverse, which of course means that one takes on too much risk as a means of avoidance. I now realize you embrace risk, and thus the viability of your strat is tangable.
thank you for the kind words. i don't believe it's possible to have the market so well understood that you can 100% protect yourself from severe dislocations. from there it's a short leap of faith - logic? - to accepting risk and taking losses as just part of this game we're playing. the irony in all this is that the NoiseBox would have gone short the morning of the '87 crash and made money that day. in fact, if you look at the really nasty days in market history, it seems a large majority of them either started out as huge gaps or they were intraday reversals. and both setups play into the NoiseBox strength. it's the casual opening, endless one-way escalator that it fears.