Today right after CSCO released earning report, emini ES future busted to about 100 points up i.e., 948. I was also listening to squawk box and the auctioner was also puzzled of it and mentioning 'painful' to those who had a stop buy at that price. In a minute ago, it was trading around 847-48. Suddenly it soared to 948 and came down to 849-56. I can clearly see people were scrambling to buy and sell in the abnormal prices. I was just puzzled. How such a bust happens? By hitting wrong key? Probably some trader in big broker firm hit 948 instead of 848?? Oh man I wish I had a sell order at 940s...generally i used to but today i didnt as future trading was not closed until 4:15. If it was erroneous, do you get money back if loss or give back if profit?? I used to hear trade bust but today I saw before me....
Hey Spark I wonder if you know of a good web site for info on learning the ins and outs of trading the S&P and Nas e minis. All the help I could get would be much appreciated. As I have heard there is sufficient risk to them but decent returns if done properly. Thanks