TradIndex Platform/Tactics

[trader_dante]

I used TradIndex to go long in Crude Oil very soon after the US inventory report yesterday.

I went long and immediately the market surged up. At which point the it was suspended. By the time I had refreshed several times and sat there in complete disbelief at the audacity of the company, the price corrected and began to fall.

I called TradIndex and asked them what was going on and I was told: "The market has been suspended to protect us against bad prices."

Where is the fairness in this? Yes, the price did spike but that is the market for you. The news was bullish - the price went up rapidly. I think that pulling the market offline and as a result locking traders into their positions is unacceptable.

Once the market changed course and began to fall, they reopened the market.

If you are going to trade with SB companies be careful - this experience has made me feel they will do what they can to prevent you making money.

 

[rossored]

In fairness, if you're trying those sort of tactics with a SB company you can expect to get burned imo. Even with Direct Access that'd be a ballsy move (imo)

If you want to play on their market, you're going to be subjected to their rules - rules which you agree to by signing up with them.

 

[Anonymous]

All casinos are required to have at least one Blackjack table, I think. So playing Blackjack could be better than playing say, the slot machine.