Robots Strike Again

I posted about this a few weeks ago, and now Twitter has supplied another example:

RobotsThis trader would still be in a not bad position but, once his stop was triggered, he got hosed for a $2.41 loss.  Nothing is more frustrating.  If you can’t be at your screen, then you may have to use a hard stop.  Otherwise, keep it close to your vest.

Here is Hunsader’s wonderful close up of gold futures plunging $30 (instantly) on heavy volume, and triggering a ten second halt.

Nanex_GCThe halt gave alert traders the opportunity to get back in, for futures.  Stock traders were not so lucky.

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