DislikedKind of lost faith on Oanda Spikes there seems longer then other brokers around 450pip drop in seconds.Glad was not on receiving end of it {image}Ignored
Process over outcome.
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DislikedKind of lost faith on Oanda Spikes there seems longer then other brokers around 450pip drop in seconds.Glad was not on receiving end of it {image}Ignored
Disliked{quote} Indeed, I am with Oanda too and was long AJ before the flash crash...luckily DD isn't terrible. Anyway, there was like a 15 minute period where price of AJ wasn't updating on my charts (pc or mobile) and I couldn't make any changes to open positions.Ignored
Disliked{quote} Indeed, I am with Oanda too and was long AJ before the flash crash...luckily DD isn't terrible. Anyway, there was like a 15 minute period where the price of AJ wasn't updating on my charts (pc or mobile) and I couldn't make any changes to open positions.Ignored
DislikedHappy New Year Guys! Glad I had closed all my Yen pairs prior with a loss and indeed glad.Spikes yesterday was insane and would of hit margin account wipe out for sure.But survived without a scratch. Took some EC profits and love to see it bounce up to reload shorts EA still has huge potential.AUD has been oversold cross the board. {image}Ignored
DislikedKind of lost faith on Oanda Spikes there seems longer then other brokers around 450pip drop in seconds.Glad was not on receiving end of it I am certain lots of accounts got wiped outNext year taking Dec and 1st week of Jan out. {image}Ignored
DislikedHappy New Year Guys! Glad I had closed all my Yen pairs prior with a loss and indeed glad.Spikes yesterday was insane and would of hit margin account wipe out for sure.But survived without a scratch. Took some EC profits and love to see it bounce up to reload shorts EA still has huge potential.AUD has been oversold cross the board. {image}Ignored
Disliked{quote} If you don’t use Oanda who would you use? I too live in US.Ignored
Disliked{quote} Serious question Davit: You acknowledge that yesterday you could have suffered a complete margin call of your trading account, an account you have diligently traded and grown for more than two years, what are your thoughts/plan on how to avoid this moving forward? Surely you'll agree that flash-crashes, grey swans, and black swans will continue to occur on a relatively frequent basis. Thanks, NIgnored
Disliked{quote} Serious question Davit: You acknowledge that yesterday you could have suffered a complete margin call of your trading account, an account you have diligently traded and grown for more than two years, what are your thoughts/plan on how to avoid this moving forward? Surely you'll agree that flash-crashes, grey swans, and black swans will continue to occur on a relatively frequent basis. Thanks, NIgnored
Disliked{quote} This is the flaw with this type of MM, there is no way to forsee that spike and it could easily happen again tonight and again tomorow, could easily have happened the day before you closed your yen pairs and wiped you out. In my opinion you got lucky to not get stung here and hope you will adjust your MM going forward for the sake of your hard work thus far.Ignored
Disliked{quote} agree will work on it moreMain flaw was I opened too many trades.This can be easily rectified. regardsIgnored
Disliked{quote} Serious question Davit: You acknowledge that yesterday you could have suffered a complete margin call of your trading account, an account you have diligently traded and grown for more than two years, what are your thoughts/plan on how to avoid this moving forward? Surely you'll agree that flash-crashes, grey swans, and black swans will continue to occur on a relatively frequent basis. Thanks, NIgnored
Disliked{quote} Hi Nik-Nyc, far from having the real knowledge to answer your one million dollars question, first thing that comes to my mind is again ultra conservative risk management and position sizing so that you have more than enough margin to sustain such monster spikes related to your open trades. I don't say our pockets have to be deeper than the broker's ones, but the number and size of our trades should be as such to let us avoid a margin call. DD can become very big but in cases like these it lasts for a short time going from let's say 50% to...Ignored
Disliked{quote} agree will work on it moreMain flaw was I opened too many trades.This can be easily rectified. regardsIgnored