Broker data anomoly closing auto systems

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  • #253356

    Soo sorry to hear this !
    Your main issue (as how I see it) remains : what about when this would have been a largely scaled-up system and it is about 100 times the $ ? Would you then do spend the time on it to get it back ? Or is it exactly as I promised in advance (one of my posts in this thread) that life goes on and you don’t want to – or can’t lose out on a next earning (like your 10 mins before market opens). So in my view it should be the stance that indeed life goes on and that you won’t be able to bear all the “las suits” anyway. It is thus part of the job. 🙁

    If you (me, anyone) has several systems running, on a regular basis one encounters such a situation. It should always be in the midst of “balanced” positions. I mean, they will all be of about equal size, and what one abusively loses, the other “several” will gain back (have gained back in advance already).

    I am serious about this one : Be happy that you ran into this so you will know from now on that such a thing can happen, also with 10 fold the $.
    but
    Also recognize the chance of it. I mean, how long where you running Live with this setup ? If that was 6 months then no issue. Was it one week then be much more careful and take measures to prevent it. It is NOT a pure coincidence that within a week already this occurs; it occurs all the time – just because I see it happening (n0 make up). My really hundreds of kicked out systems testify that partly; you live in an environment which is manipulated to begin with (the stop distance thing). Would we think that we would win law suits in the midst of such an environment ? it is crooked to begin with.
    Do I care ?
    Yes, but I live with it. I slowly grew into it. Got used to it.

    And thus that is the sincere advice.
    🙂

    1 user thanked author for this post.
    #253357

    Thank you Peter, you are very on point with this one. As we say here, you’re spot on.

    I was indeed approaching this now as if I were significantly more scaled. Already I missed Tuesdays trade, was losing sleep and distracted. This morning whilst they were passing me around like a hat in church, I looked at the next move for the open and decided this cannot go on and the damage of opportunity cost will become insurmountable. So I took the bone they threw……

    I definitely could have done better out of this had I kept pressing but that is not my business model. Waring a client out through continuous interrogation is an FBI technique to make people confess whether guilty or not, also a sales technique. I am aware. I have done sales once, it is bottom feeder practice and not something I identify with! To be fare I used the same thing on the folk at IG, this is when I was suddenly passed around. I think this is why they phone in the middle of the night, to weaken us! Brokers are not in the business of giving money.

    When I was in business as a landscaper I had a mentor with 4 large businesses in Aus. He was a Lawer by profession, and after exploiting labour for decades his prime role was to sit in court and defend the company actions. The last time I saw him he had been head hunted by Bikies for misconduct and was being hospitalised for heart/stress. When we parted ways because I had issues with his methodology and treatment of humans he came to the door with ECG wires hanging off him. So brokers are similar is what I am getting at. Maybe I’m a bit extreme….maybe not.

    Onwards and upwards. JS has sparked me right back up to continue my DSP modelling so I have 685pages to read and first year calculus to breakdown.

    Soon I will be annoying you for more about your HFT escapades!

    Best wishes

    CC

Viewing 2 posts - 31 through 32 (of 32 total)

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