Help needed on Locked limit - Commodities Futures Trading | futures io social day trading
futures io futures trading


Help needed on Locked limit
Updated: Views / Replies:2,431 / 11
Created: by abcplot Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Help needed on Locked limit

  #11 (permalink)
Trading Apprentice
vienna
 
Futures Experience: Intermediate
Platform: Tradestation
Favorite Futures: Gold
 
Posts: 14 since May 2011
Thanks: 6 given, 2 received

thatīs not correct, some Options have limits !


........Options have limit-locked levels as well. Although you may not be able to
create a synthetic at the exact price (at-the-money or in-the-money) of the
limit level, you should be able to create a synthetic position slightly
out-of-the-money...............


Locked Limit? Here's How to Protect Yourself

Reply With Quote
 
  #12 (permalink)
Elite Member
Memphis TN
 
Futures Experience: None
Platform: ToS
Broker/Data: TDA
Favorite Futures: None
 
Pariah Carey's Avatar
 
Posts: 655 since Jan 2014
Thanks: 143 given, 1,611 received

War story time: It was June 30 2011, the day a major crop report was coming out. I was long corn going into the report, and I knew there were going to be some fireworks and should have just gotten flat but I had a buy signal in my system and I was all bullish because there had been some major flooding in the Midwest that spring.

This is back when the report came out at 7:15 or 7:30, when the market was closed and didn't open til 9:30. So the market's got two hours to digest the news. Now the reports come out at 11 and it's not so wild. The report that day was a bearish shocker--way more planted acres than people anticipated. So for two hours I'm sitting there, nervously waiting in my long position. We open at 9:30 and immediately go lock limit down. It opened there and stayed there, didn't budge a tick all day. No chance to get out of my position. I remember calling my broker and asking about switching to options or another month because I'd heard about it, but I didn't know exactly how it worked and still don't, and anyway they couldn't help.

The limit back then was 30 cents. When we reopened that night it gapped another 30 cents and I was finally able to get out. So I lost 60 cents, or $3000 per contract. I'd had a really good spring trading corn, so at least it came out of profits. But that was a long day.

I think it would be difficult to get locked for days and days. That would take an event of truly biblical proportions. I've heard stories of the soybean market in '73 or '74 being limit up for like 10 days in a row.

Reply With Quote
The following user says Thank You to Pariah Carey for this post:

Reply



futures io > > > > Help needed on Locked limit

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge - $500 in Amazon Gift Cards!

July
 

AXESS Trader: Powerful Cloud Based Trading Platform w/GFF Brokers

Jul 17

TBA: FuturesTrader71 w/Morad Askar

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Limit vs stop vs stop-limit orders ghl123 Traders Hideout 10 April 29th, 2015 03:01 AM
Limit Up Limit Down Question MV007 Traders Hideout 19 April 6th, 2014 05:46 AM
OCO orders, set Limit and Stop Limit automatically rice0721 ThinkOrSwim 4 January 12th, 2014 12:02 PM
Are the ninjatrader indicators on the elite section code unlocked or locked? theperm NinjaTrader 5 March 13th, 2012 11:22 AM
Ninja Strategy using locked indicator code spinnybobo NinjaTrader Programming 4 May 26th, 2010 03:54 AM


All times are GMT -4. The time now is 07:33 PM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-07-17 in 0.10 seconds with 14 queries on phoenix