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Rithmic Down
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Rithmic Down

  #11 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,042 since Sep 2010
Thanks: 1,912 given, 2,750 received
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guppy View Post
STill down for me ...If the servers go down and one was in a position, how would they get out of the position if it was going against them? Would rithmic eat the loss or what you the indiivdual have to eat the loss?

Call your broker, verify your positions, and do what you have to do from there.
Close your position, place a stop, a target or both.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #12 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
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guppy View Post
Would rithmic eat the loss or what you the indiivdual have to eat the loss?

@guppy

Are you kidding.... write this down in the back of your Bible... this is gospel.... the small trader ALWAYS eats the loss...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #13 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Master
Platform: ninjatrader, r-trader
Favorite Futures: CL, NG, TF, NQ, YM, GC, ES
 
liquidcci's Avatar
 
Posts: 862 since Jun 2011
Thanks: 609 given, 1,051 received



guppy View Post
STill down for me ...If the servers go down and one was in a position, how would they get out of the position if it was going against them? Would rithmic eat the loss or what you the indiivdual have to eat the loss?

This where you need to make sure a stop loss is in that sits at exchange not on your computer. That way as long problem is with your pc connection or feed and not at exchange itself you have a backstop to take you out of market.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #14 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,042 since Sep 2010
Thanks: 1,912 given, 2,750 received
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liquidcci View Post
This where you need to make sure a stop loss is in that sits at exchange not on your computer. That way as long problem is with your pc connection or feed and not at exchange itself you have a backstop to take you out of market.

I really appreciate your input via comments like this.
@guppy who asked this question knows the consequences of power failure, and it was nothing short of an attempted to stir up an unnecessary obvious. The addition of the "small guy" by TMFT was not necessary either.

Power failure affected affect us all alike despite of size of account, but having a contingency is always a necessary evil.
We have helped all customers today via email, Skype, or the phone just like we do if the customer had a power failure.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #15 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: Tradestation
Favorite Futures: ES,HG,GC,YM,Nq,RB,NG
 
Posts: 52 since Aug 2011
Thanks: 11 given, 8 received

I was not tyring to stir up anyhting. I just want to know the facts and in the event it were to happen to any trader ot myself what we can expect. Asking questions and taking precautions is a good thing for everyone to know. I would rather know then to be surprised in the even this happens. Simple as that.



mattz View Post
I really appreciate your input via comments like this.
@guppy who asked this question knows the consequences of power failure, and it was nothing short of an attempted to stir up an unnecessary obvious. The addition of the "small guy" by TMFT was not necessary either.

Power failure affected affect us all alike despite of size of account, but having a contingency is always a necessary evil.
We have helped all customers today via email, Skype, or the phone just like we do if the customer had a power failure.


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  #16 (permalink)
Elite Member
Las Vegas, NV
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Optimus/Rithmic
Favorite Futures: es
 
Posts: 36 since Aug 2010
Thanks: 19 given, 59 received

Able to connect to Rithmic and receiving real-time data but the data since the opening was not downloaded.

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  #17 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,042 since Sep 2010
Thanks: 1,912 given, 2,750 received
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guppy View Post
I was not tyring to stir up anyhting. I just want to know the facts and in the event it were to happen to any trader ot myself what we can expect. Asking questions and taking precautions is a good thing for everyone to know. I would rather know then to be surprised in the even this happens. Simple as that.

I saw the first part of this question, and it was the right question.
the second part...you know better, and if not I apologize. I read your comments and thought you are more experienced.

Matt

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #18 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,042 since Sep 2010
Thanks: 1,912 given, 2,750 received
Forum Reputation: Legendary

Rithmic should be up now for everyone.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #19 (permalink)
Elite Member
Los Angeles, CA
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: Tradestation
Favorite Futures: ES,HG,GC,YM,Nq,RB,NG
 
Posts: 52 since Aug 2011
Thanks: 11 given, 8 received

Yea, i never had any issues but wanted to know if in the event what would happen. As long as the broker can exit one out then the trader will be safe. If both the trader and broker couldnt do anything then the trader would be exposed. Safety first!



mattz View Post
I saw the first part of this question, and it was the right question.
the second part...you know better, and if not I apologize. I read your comments and thought you are more experienced.

Matt


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  #20 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
 
mattz's Avatar
 
Posts: 2,042 since Sep 2010
Thanks: 1,912 given, 2,750 received
Forum Reputation: Legendary



guppy View Post
Yea, i never had any issues but wanted to know if in the event what would happen. As long as the broker can exit one out then the trader will be safe. If both the trader and broker couldnt do anything then the trader would be exposed. Safety first!

of course, this is why we are here. We not only check on the Rithmic level, but on the exchange levels for any orders outstanding and help you from there.

PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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