Uhhh.... Down 60 on the ticker means down $60,000 in P&L, not $60. If you mean down $60 a contract that means down 6 ticks a contract, which obviously is chickenfeed and not what we are talking about
Whoa, hold on to your pants for a moment. It wasn't like you woke up to find that CL gapped down into the negative territory in the AH. No, CL actually dropped below zero during the RTH session. It occurred exactly at 14:05 EST. Hence, IB should have been able to auto-liquidate accounts that were trading below their margin requirement.
Schizo, give up. IB fanbois will be IB fanbois till IB'a auto liquidation algo does it's number on their accounts
Post the actual link. I read this already. Says he was able to get out and made out like a bandit. Got lucky, of course, but made out like a bandit
He's already out of the picture. The current president runs things. He just shows up for TV appearances, and conferences.
I dunno but this sounds too phony. Only a rookie would fall for these pranks. Sorry, just my 2-cents.
IB are fucking clueless. Posters noted on the other ET thread that the CL margin was way too low compared to ES months ago. Push ES to $36,000 margin but have much lower margin on a contract that can lose 300%+ in a day. Seems like IB also didn't even know about the new negative pricing on the CME.