Hi,
I was thinking about opening a live account when the whole SNB debacle happened last year in January.
The negative equity situation so many traders found themselves in got me thinking as to whether it was reasonable to take such a huge risk.
It also showed that trading with bucket shops could be an advantage since it was easy for them to "write off" their customers' negative balances.
So don't you guys think that trading without guaranteed stops is just nuts? Isn't it more reasonable to be nickel and dimed by a cheating dealing desk type broker who can offer guaranteed stops rather that risk finding yourself in total bankruptcy at a Non dealing desk broker due to some black swan event?
I find it strange that the same people would argue that trading without stops is crazy but that it's okay that these stops aren't guaranteed.
What do you think?
I was thinking about opening a live account when the whole SNB debacle happened last year in January.
The negative equity situation so many traders found themselves in got me thinking as to whether it was reasonable to take such a huge risk.
It also showed that trading with bucket shops could be an advantage since it was easy for them to "write off" their customers' negative balances.
So don't you guys think that trading without guaranteed stops is just nuts? Isn't it more reasonable to be nickel and dimed by a cheating dealing desk type broker who can offer guaranteed stops rather that risk finding yourself in total bankruptcy at a Non dealing desk broker due to some black swan event?
I find it strange that the same people would argue that trading without stops is crazy but that it's okay that these stops aren't guaranteed.
What do you think?