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> I have a question that could be considered a newbie question. When the
> exchange decides to "bust" all trades below 996, what exactly does that
> mean? Does it mean all trades below 996 will now have a price of 996, or
> does it mean it's as if the trades never happened.
It's like those trades never happened.
> What if you were able to
> get long at, say, 994 and then you sold it later at 1000. Does that mean
you
> never bought it and this morning you are short at 1000 as it gaps to 1009?
That's exactly right - you are short at 1000; the trade at 994 "never
happened".
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