Thursday, April 3, 2008

When Imbalance Orders Go Bad



Here's the trade I lost $400 on at the end of the day yesterday...

2 comments:

ainkurn said...

that's gotta suck DT. how can those imbalances change so quickly? seems to me someone published the wrong shit to sucker some pre-historic reptiles into buying.

Dinosaur Trader said...

Yeah, in my experience, a wholesale switch from buy to sell or vice versa is very rare.

But still, the mistake was mine for even fucking with the imbalances yesterday. They're inherently risky... the time to do them is when the market is up or down big and all the imbalances line up on one side of the market. Any other time, you really have no edge and are completely at the mercy of whatever sick fuck is handling the orders.

Anyway, ultimately, I blame "anything goes" for being a male escort.

-DT