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Don't trade it guys. Sometimes you have to resist urge to feel like you are missing out on a trading day and just sit still. If a feed is having problems you are much better off staying out of the market. These kinds of problems you can lose much more than you stand to make. I got stuck in an overnight position one weekend during the financial crisis because of a feed issue (was not with Mirus but another broker using zenfire). I had no idea I was in a position until I was stuck in it for the weekend. I still cringe at that feeling of wondering what would happen when market opened. I ended up being okay but it took a few years off my life.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
I initiated a wire from Mirus/Dorman on Thursday night last week. It just got to AMP a few minutes ago (Monday 2:24 pm ET). To be expected, it cost $30 for the wire they should have happened at least the next business day (Friday). They should at least wave the cost of the wire for people. That would be a decent thing to do for people that they have negatively affected with so many down days. Not to mention I am paying for Ninja quarterly and that is costing me and I'm sure a lot of you money sitting on the sidelines (at no fault of Ninja's of course).
If I had a definite answer that the feed was ok/not ok, then yes I could decide not to trade. However, Mirus told me MirusTrader was fully functioning. I hold them responsible.
Would like to go direct to Dorman now. At least they knew what was going on.
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 796 since Oct 2009
@liquidcci - ain't hurd from the likes of you in ages!, how yuh been?
anyone remember Alaron Futures?
They dropped their accounting of positions long, in my account, and I carried a position for a few days before I could verify with their non-responsive team, that I indeed had a phantom orphan position. Fortunately, I had an auto trader that performed wonderfully, but that phantom took all those gains from the autotrader. I threw both of them out and ran for the hills, except I was on the open plains of Laredo... there's a song in there somewhere...
those nightmare situations haunt you for years, long after they're resolved, so perhaps staying out of the markets aren't so bad, as the meandering and aimlessness of the DJIA today shares that sympathy too
Luckily I haven't been burned by any rogue orders however in terms of opportunity cost I can tell you that this debacle has cost me a very considerable amount of money. I've been simulating using a demo account at Optimus (where my funds are being transfered to) so I am able to quantify it to some degree. I know I'm not the only one in this position. Mirus are acting like a trader who has had 20 straight winning days. Overconfident.
Dorman clears (or at least as I was told years ago) for many, many floor traders (if they still make them anymore),
and when you're a client at one of their FCM's like AMP (formerly, or presently, who knows) and Mirus, then they shun you from opening directly with them.
Save yourself the (emotional) headache, and call them on this issue before proceeding.... let them explain their logic (if there is any to their decisions) -- pm me on your results (so this doesn't take on the aire of a slugfest and bad mouthing firms and cause legality issues for mikey)