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Austin, TX
Experience: Master
Platform: ninjatrader, r-trader
Trading: NQ, CL
Posts: 866 since Jun 2011
Thanks Given: 610
Thanks Received: 1,091
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I am glad they had to eat these trades. Retail investors usually get stuck with trades in these situations if they lose and canceled if they win. While the big traders cry and get their losses in these situations canceled. About time they have to be responsible for their own mess. If the HFT's realize they can get wiped out and will not be able to cancel trades easily maybe they will clean up their algo's.
" Knight Capital Group Inc. was forced to keep more than 100 bad trades that sent the market-maker near the edge of bankruptcy because of Securities and Exchange Commission rules adopted after the 2010 ‘flash crash.’"
See rest of article at link below:
'Flash crash’ rules made Knight keep bad trades
| "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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