Ever traded during a national emergency | Forex Factory

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Ever traded during a national emergency

  • #1
  • First Post: Jan 23, 2007 6:30pm Jan 23, 2007 6:30pm
I'm sort of new to this biz, good with charts, but just learning about possible news related pitfalls. So, here's my question:

I was day trading last week, when I noticed all three of my trades suddenly went south for a few min. According to the commentary I use, a rumor had been started that an Iranian missle had hit a US Naval vessel. Lucky for me, the rumor was refuted, and then my trades completed later.

But this event raises for me the following questions: What happens to trades when real disasters arise? How far have trades drawn down in the past during a real US, or other country's emergency?

Was anybody out there trading on 9/11/01? Katrina? Tsunami? Start of riots in Paris? Terrorism in London? If so, did your trades recover? Or did you lose all of you $$$?

Did anyone decide to immediately get out of a trade because of a disaster? If so, did you have trouble closing out with broker?

Thanks for any input.
  • #2
  • Jan 23, 2007 6:54pm Jan 23, 2007 6:54pm
Quoting TradurGurl
I'm sort of new to this biz, good with charts, but just learning about possible news related pitfalls. So, here's my question:

I was day trading last week, when I noticed all three of my trades suddenly went south for a few min. According to the commentary I use, a rumor had been started that an Iranian missle had hit a US Naval vessel. Lucky for me, the rumor was refuted, and then my trades completed later.

But this event raises for me the following questions: What happens to trades when real disasters arise? How far have trades drawn down in the past during a real US, or other country's emergency?

Was anybody out there trading on 9/11/01? Katrina? Tsunami? Start of riots in Paris? Terrorism in London? If so, did your trades recover? Or did you lose all of you $$

Did anyone decide to immediately get out of a trade because of a disaster? If so, did you have trouble closing out with broker?

Thanks for any input.
You should probably just look through the history for the dates in question for your best answer. The charts can tell you better than all the war stories you'll get. I am not sure what platform you're using but I believe that you can go back with just about all of them.
Happy Trading
"Opportunities multiply as they are seized."- Sun Tzu
  • #3
  • Jan 23, 2007 7:13pm Jan 23, 2007 7:13pm
Thanks for your imput, but I really do want to hear some war stories. My charts don't go back that far, and don't give results of individual's experience with brokers.

I sincerely hope you had good luck, if you were trading back then. What about others?
  • #4
  • Jan 23, 2007 9:22pm Jan 23, 2007 9:22pm
I would like to know if any of you were ever caught in a trade during a national emergency -- such as 9/11/2001, Tsunami, Terrorist attack, etc.

If so what was your experience?

If you attempted to sell off immediately upon hearing the news was your broker able to close your trade immediately?

If not how big was the draw down on your trade?

Did the trade return to normal?

Please, only answer with YOUR experience if this actually happened to you.

Thanks.
  • #5
  • Edited 10:42pm Jan 23, 2007 9:46pm | Edited 10:42pm
Quoting pairtrader
You should probably just look through the history for the dates in question for your best answer. The charts can tell you better than all the war stories you'll get. I am not sure what platform you're using but I believe that you can go back with just about all of them.
Happy Trading
Like what pairtrader... just by looking at chart should tell you every possibility

I don't know if you be able to pull up a tick chart that far back that that will show every trade that took place

Sorry I was trading trading futurs and to tell you the truth I can't recall of the top my head if they shut it down for two days or not damm I must be getting old but I do recall the mkt being very voltile in the weeks after. (t-bills)
  • #6
  • Last Post: Jan 23, 2007 10:16pm Jan 23, 2007 10:16pm
I remember having this discussion on the FFF several years ago. Most said the market came back after a few days after 9/11.

The one item I remember most of all was the trader who had made an unexpected good amount on 9/11 . He donated it to the NYPD.

From that came the saying that was also on the forum for awhile:

"Lets hope we are all long on the USD when they catch Osama."


Lou
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