Quote:
Originally Posted by barn32
So if you had been on the other side of that trade you would have lost at $8400 in 7 minutes?
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If I was dumb enough to trade without stops, yes. And in a move like this, even hard stops can be blown through, though not by that much most of the time. Still, there is always the possibliity of catistrophic loss. That's why they call it trading, not winning. That's also why I keep the majority of my trading funds not in my brokerage account but in a money market account where I can easily transfer funds back and forth.
Dick
"All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation." ~John Adams
"There must be a better way to make a living than this. Well, I've looked...and there isn't." Jack Parr