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  • Get OUT Of The Futures Markets

    06/03/2012 9:40:52 PM PDT · by hope · 33 replies
    The Market Ticket ^ | 6/3/12 | Karl Denninger
    If you get reamed don't say you weren't warned. In 2008 there were repeated instances where the futures gapped ~20 handles overnight, clearing out the stack and gapping over your stop, filling you on the other side for hideous losses. Stop orders are worthless when this happens -- all they do is lock in a loss as you fill on the other side (which usually is the extreme print) and then the market reverses some of the move, costing you twice.