Position loss limit

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Al

• October 04, 2017 06:03

It would be *very* useful to have a simple feature that flattens any position that passes a user-defined loss threshold. This could act as a fail-safe for users in a number of common situations, including:

1) When a user forgets to cancel an order and that order gets filled and then becomes loss making

2) When a user forgets to set a stop on a position and is not around to manage the trade when it becomes loss making 

3) When a user misjudges risk and takes a position that is so large it leaves him open to catastrophic losses

If this feature - once it has been set - can only be changed with 24 hours' notice, it would also prevent it from being misused. 

 

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  Michael Bolduc

  • July 26, 2018 21:23

  Why couldn't it just be set at a users choice...who would care about the frequency of change?

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