I'm sort of new to this biz, good with charts, but just learning about possible news related pitfalls. So, here's my question:
I was day trading last week, when I noticed all three of my trades suddenly went south for a few min. According to the commentary I use, a rumor had been started that an Iranian missle had hit a US Naval vessel. Lucky for me, the rumor was refuted, and then my trades completed later.
But this event raises for me the following questions: What happens to trades when real disasters arise? How far have trades drawn down in the past during a real US, or other country's emergency?
Was anybody out there trading on 9/11/01? Katrina? Tsunami? Start of riots in Paris? Terrorism in London? If so, did your trades recover? Or did you lose all of you $$$?
Did anyone decide to immediately get out of a trade because of a disaster? If so, did you have trouble closing out with broker?
Thanks for any input.
I was day trading last week, when I noticed all three of my trades suddenly went south for a few min. According to the commentary I use, a rumor had been started that an Iranian missle had hit a US Naval vessel. Lucky for me, the rumor was refuted, and then my trades completed later.
But this event raises for me the following questions: What happens to trades when real disasters arise? How far have trades drawn down in the past during a real US, or other country's emergency?
Was anybody out there trading on 9/11/01? Katrina? Tsunami? Start of riots in Paris? Terrorism in London? If so, did your trades recover? Or did you lose all of you $$$?
Did anyone decide to immediately get out of a trade because of a disaster? If so, did you have trouble closing out with broker?
Thanks for any input.