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Search: Posts Made By: Big Mike
Forum: Traders Hideout February 16th, 2021, 02:53 PM
Replies: 309
Views: 47,853
Posted By Big Mike
Guys, please take all discussion of Trading...

Guys, please take all discussion of Trading Technologies out of this thread so as not to confuse the issue. This thread is about Phillip Capital as an FCM and their outage.

Further posts about TT...
Forum: Traders Hideout February 13th, 2021, 05:06 PM
Replies: 309
Views: 47,853
Posted By Big Mike
Where do you get this from? That is not how...

Where do you get this from?

That is not how futures brokers work. It is a highly regulated industry. There have only been a few notable exceptions in the last few decades where customers...
Forum: Traders Hideout February 11th, 2021, 01:04 PM
Replies: 309
Views: 47,853
Posted By Big Mike
Absolutely, NFA is self-regulating. However,...

Absolutely, NFA is self-regulating. However, brokers/FCM's are highly motivated to have a clean record. I would venture to say that it is highly unlikely it would be necessary to involve the CFTC...
Forum: Traders Hideout February 11th, 2021, 12:40 PM
Replies: 309
Views: 47,853
Posted By Big Mike
Sorry, I am confused by the question. This...

Sorry, I am confused by the question.

This thread we are in is the "one place" for this issue regarding Phillip Capital.

Mike
Forum: Traders Hideout February 10th, 2021, 05:22 PM
Replies: 309
Views: 47,853
Posted By Big Mike
Phillip Capital and Interactive Brokers are both...

Phillip Capital and Interactive Brokers are both FCM's. But IBKR for example (Interactive Brokers) targets retail customers directly, while Phillip Capital doesn't. That isn't a distinction that...
Forum: Traders Hideout February 10th, 2021, 05:18 PM
Replies: 309
Views: 47,853
Posted By Big Mike
I do not think what was experienced before is...

I do not think what was experienced before is "the same" as this. Also, a data breach is not at all similar to what happened here. It can certainly be very serious, but it isn't at all the same as...
Forum: Traders Hideout February 10th, 2021, 04:36 PM
Replies: 309
Views: 47,853
Posted By Big Mike
Really? I hadn't heard that, please elaborate...

Really? I hadn't heard that, please elaborate and provide some links/evidence.

Mike
Forum: Traders Hideout February 10th, 2021, 12:52 PM
Replies: 309
Views: 47,853
Posted By Big Mike
I would like to invite you to have a little...

I would like to invite you to have a little patience.

I realize this is a difficult situation, but I truly do believe that Phillip Capital is trying to make each and every customer whole during...
Forum: Traders Hideout February 8th, 2021, 01:53 PM
Replies: 309
Views: 47,853
Posted By Big Mike
Finding the right broker is naturally a very...

Finding the right broker is naturally a very important thing. But regarding the mention of TradeStation, I do want to mention this:
...
Forum: Traders Hideout February 8th, 2021, 01:35 PM
Replies: 309
Views: 47,853
Posted By Big Mike
That is correct. Please understand the different...

That is correct. Please understand the different roles of an FCM, and an IB/IIB. Look at where your statements come from. If they are Phillip Capital, then that is who you are clearing with. NT...
Forum: Traders Hideout February 8th, 2021, 01:31 PM
Replies: 309
Views: 47,853
Posted By Big Mike
I disagree. While it may take some time, I do...

I disagree. While it may take some time, I do believe they will in fact make customers whole. Especially customers that did not touch the position.

The NFA exists for this purpose as well. Take...
Forum: Traders Hideout February 8th, 2021, 12:06 PM
Replies: 309
Views: 47,853
Posted By Big Mike
The truth is, there are many IB's affected by...

The truth is, there are many IB's affected by this because many clear via Phillip. So even though the thread started with the user experiencing problems via NT Brokerage, I do believe it is entirely...
Forum: Traders Hideout February 8th, 2021, 12:03 PM
Replies: 309
Views: 47,853
Posted By Big Mike
Are you saying that even though you clear through...

Are you saying that even though you clear through Phillip, that you were not affected by this outage because of your internal accounting systems? I just want to make sure I am understanding clearly....
Forum: Traders Hideout February 8th, 2021, 11:01 AM
Replies: 309
Views: 47,853
Posted By Big Mike
I've edited the thread title to include Phillip...

I've edited the thread title to include Phillip Capital, as this not a NT Brokerage-only problem. I did this so other Phillip Capital customers can be informed of the issue and resolution.


...
Forum: Traders Hideout February 8th, 2021, 10:45 AM
Replies: 309
Views: 47,853
Posted By Big Mike
Wow, I definitely feel the frustration and...

Wow, I definitely feel the frustration and anxiety that you experienced.

NT Brokerage or NinjaTrader, is there a customer portal on the FCM side that NT customers can access and view their...
Forum: Traders Hideout February 5th, 2021, 04:17 PM
Replies: 309
Views: 47,853
Posted By Big Mike
I'll have to keep that one to indicate puking,...

I'll have to keep that one to indicate puking, lol.

BTW to mention me put a space not underscore. Just Big Mike
Forum: Traders Hideout February 5th, 2021, 04:02 PM
Replies: 309
Views: 47,853
Posted By Big Mike
https://i.pinimg.com/originals/cc/8b/b6/cc8bb60baf...

https://i.pinimg.com/originals/cc/8b/b6/cc8bb60baf0691587ed66c07c1d74dc2.gif
Forum: Traders Hideout February 5th, 2021, 02:05 PM
Replies: 309
Views: 47,853
Posted By Big Mike
EdgeClear regarding taking ownership when you...

EdgeClear regarding taking ownership when you close the erroneous trade, that makes sense and I didn't consider it.

Thanks for pointing it out. I'll edit my prior post so I don't give bad advice....
Forum: Traders Hideout February 5th, 2021, 01:00 PM
Replies: 309
Views: 47,853
Posted By Big Mike
Has this ever happened to anyone where they woke...

Has this ever happened to anyone where they woke up to a huge gain, by mistake?

Why does it always seem to be a huge loss?

Mike
Forum: Traders Hideout February 5th, 2021, 12:37 PM
Replies: 309
Views: 47,853
Posted By Big Mike
I would encourage you to call the help desk and...

I would encourage you to call the help desk and confirm, instead of waiting for an email response. You could have it backwards...

Mike
Forum: Traders Hideout February 5th, 2021, 12:31 PM
Replies: 309
Views: 47,853
Posted By Big Mike
The broker is giving good advice. The...

The broker is giving good advice.

The problem is, once you close the erroneous trade -- you take ownership of it.

Better to call them immediately.

Mike
Forum: Traders Hideout February 5th, 2021, 12:28 PM
Replies: 309
Views: 47,853
Posted By Big Mike
I'm the one that sent the newsletter :) ...

I'm the one that sent the newsletter :)

Unfortunately, Phillip Capital is no longer a site sponsor, so there isn't much I can do with it other than raise awareness.

If any of you experienced...
Showing results 1 to 22 of 22

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