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There is a cheat sheet I saw somewhere that lists all the contracts with rollover dates. Same thing happened to me on CL rollover last week. It's hard to remember cause every contract is peculiar that way.
I wonder if had it been a 900 bucks loss, would have they taken it away? I don't think the volume affected the trade, so there was no point in taking it away. A warning would have been sufficient...
They do say you have to trade the front month, so taking away the day's profit seems reasonable, considering they could have probably considered the LTP a "failure" because of it (they are smart that they did not take more drastic action).
"Recruits must only trade the “front” (most liquid/highest volume) contract month for ALL products. Overnight trading is permitted, although positions must be closed prior to a product’s electronic market close. If a product is traded outside of the permitted times, ALL profits will be removed."
Actually Hoag did let me go with it but an hour or so later he called again. Apparently decision to cut came from equity partner a.k.a. PTP..
At least I am still in the game.
Actually I was surprised they reacted so fast and took it so seriously. I thought they would look upon it only after completion and was bit worried I would do LTP and then they ground me retrospectively founding out I traded wrong contract one time. So all good.
Sure, understood. What is not understood that with their gazillion rules, how do they expect the traders to know and follow all and not to miss any by accident? Why not just write the software that way that it doesn't even allow trading outside the restrictions??? This is the 21st century or what...