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This risk can easily be avoided by using Squawk Box for $100 per month.
Many other advantages but pretty cheap insurance against a 500 point loss.
www.los.net No interest other than a happy customer.
Jim Gavey
-----Original Message-----
From: owner-realtraders@xxxxxxxxxxxxxx
[mailto:owner-realtraders@xxxxxxxxxxxxxx] On Behalf Of Richard
Sent: Thursday, January 14, 1999 9:42 AM
To: RealTraders Discussion Group
Subject: Re: Lessons Learned
I too got burned yesterday. I use PCquote data realtime, daytrading
SP's. They had server problems and their data got behind by about five
minutes. Very subtle as there was no way to know what was happening
until an online fill comes back about 5.00 points off what it should be!
No warning - nothing!
Rich
Richard Chehovin wrote:
>
> Good Morning RealTraders:
>
> Well, this was a new one on me today. Here's what happened.
>
> LONG CHF @ 1.3655 @ 01:11. Market moved down to 1.3594. Started a small
mid
> cycle retracement. Tired from trading the past two days and not paying
real
> close attention, the pricing seems to stop at 1.3615 for a while. I
checked
> the datafeed and it seemed fine. Thought the market might be digesting a
few
> recently released news announcements. Waited and waited. TradeStation
server
> clocks showed correct time and was ticking along. Next thing I see is
1.3653
> and then in a flash of an eye 1.3671.
> OUCH !! What the heck happened? Was my entry wrong? No, it was NO DATA FOR
> OVER 1 HOUR AND 12 MINUTES.
>
> Lessons learned:
>
> Don't trade unless well rested. You cannot think clearly.
> Don't believe that if the server clock works that you are getting data.
>
> Respectfully,
>
> Richard Chehovin
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