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Dennis wrote:
> The overnight limit is currently 35 for the SP and 82 for the ND.
> Of course, it can go much lower once the RTH session opens (280 SP
> and 660 ND) and might not trade at all in the event of a global
> meltdown.
Good point. So Globex would lock at -35 and then RTH would initially
lock at an additional -35. In a "small" crash where *everybody*
wasn't panicked, you might be able to get out on that first lock.
But wouldn't think there would be many buyers in a situation like
that. The exits are going to be jammed and a lot of people would get
trapped in the burning building.
280 SP points. $70k per contract. And that's just the first day.
Good Lord.
Who can afford to suck up a hit like that? Especially if it goes on
for more than one day?
Makes me wonder if I should reconsider daytrading...
Gary
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