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GC Flash Crash, everyone ok? January 6th, 2013
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GC Flash Crash, everyone ok? January 6th, 2013

  #1 (permalink)
Elite Member
Puyallup, Washington State
 
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GC Flash Crash, everyone ok? January 6th, 2013

Oivey..

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  #2 (permalink)
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  #3 (permalink)
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Love that spike of over 1000 contracts..
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  #4 (permalink)
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Still no broker account, I slept through it! LOL

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  #5 (permalink)
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LOL, Wolfie!!

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  #6 (permalink)
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WolfieWolf View Post
Still no broker account, I slept through it! LOL

So the Mirus Miasma saved you from the Flash Crash?

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  #7 (permalink)
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echoeversky View Post
So the Mirus Miasma saved you from the Flash Crash?

What do you mean? I would have been short, of course ;-)

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  #8 (permalink)
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The poor bastards who listened to the sage trading advice of always having stop orders in the market are the ones who really got screwed this time, as usual.

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  #9 (permalink)
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josh View Post
The poor bastards who listened to the sage trading advice of always having stop orders in the market are the ones who really got screwed this time, as usual.

@josh, can you elaborate on this?

I would have been one of the poor bastards if I were long when the crash occurred, as my limited trading experience has taught me to put a stop loss in every trade I take.

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  #10 (permalink)
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fourtiwinks View Post
@josh, can you elaborate on this?

I would have been one of the poor bastards if I were long when the crash occurred, as my limited trading experience has taught me to put a stop loss in every trade I take.

I will take a shot at answering this. You would have got a horrible fill and if you wanted to remain long you would have to then buy back in once the market almost corrected itself. Then you probably would have had your stop hit again today. Oh, when I mean horrible, it could have been twice the ticks of your stop, most likely more. If I was able to trade my long, via my auto strat, would have been exited right before with a breakeven and I mean two or three seconds before. So, I would have got lucky as if it was not my breakeven would have been a huge loss.

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