I love how they cancelled some trades but not others. Imagine being the guy that made a great sell or a buy and then you see it wiped out. It is a reminder that we are competing against machines now(algorithm's). A great many traders have stopped trading. One of the advantages of dwelling in the world of lightly traded pinks and otc/bb's is we don't have that problem. At Least not at the same level. This is a big deal. IMO! We will find out the truth 6 months from now but by then no one will care. Just a reminder that anything can happen. I sold a few leading into the Olympics based on nothing other than a possibility of a terrorist event or false flag and I wanted to be sure to have a decent chunk of cash in case such an event happened. I don't use nite and it is my least favorite mm. This could lead to some huge spreads which in my opinion could be good or bad depending on demand. NITE always seems to be in the way when a stock is rallying but also seems to be the biggest bidder. Oh maybe that is just 10 bagger. HAHA! Just kidding 10 bags. In all seriousness though, I do worry that events like this combined with other factors could lead to a situation where trading stocks is no longer an option when it comes to making a living.
I wonder how soon IB starts to act here. For the last 2 days I basically couldn't trade any pink sheet stock in my portfolio since IB can only route to NITE on pinkies and it wasn't working except for the last hour yday. One has to imagine this. I couldn't react in any way to any possible news in these stocks. And IB tells me they can't do anything since it's NITE's fault. What a friggin joke. How can I not hold somebody accountable for such a situation?
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