Every once in a while I get the heeby jeebies (sp?) about really being trapped in a trade due to broker technology failure. I had it happen years ago with Trade Station and was a real stress inducing event.
Is two accounts, two data feeds, two computers recommended or am I just paranoid? Any, and all commentary appreciated,
If you are trading 100 lots and every tick is $1,000 or more, then the 5 minutes it may take you to call your broker by phone, get connected, and 'solve' the problem (close an order, etc) may be extremely costly. Not too many months ago there was a problem with a major broker, I forget which now but I think it was one of the big Zen Fire ones... and the actual brokerage house couldn't cancel orders because of a internet line cut problem between them and the actual ZF servers... something like that. Anyway, people were stuck in positions for like 30 minutes or an hour.
So perhaps in this case you need a backup broker where you can hedge the trade.
If you are trading 3 lots, then all the expense of backups and redundancy probably cost more than the time it would take to get someone on the phone to 'fix it'.
Personally, I have a redundant internet connection (DSL+Cable with a load balancing/auto-failover router) simply because my internet provider here sucks ass, so it is a requirement for me to operate successfully. Other than that, I have my broker on speed dial.
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