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Not necessarily. They aren't where I live, but NYC could be different. We get frequent outages here.
My suggestions:
1. have your cable modem and tower both plugged into your UPS
2. Have a whole house generator (mine runs off Propane and has a dedicated Propane tank). Or any generator that can be run safely outside where you can plug in your cable modem. I honestly can't see how this could be practical because the modem has to be plugged into the coax cable too, but worth exploring.
3. Have your cell phone ready to set up as a hot spot; slow, but could let you cancel out of trades.
4. Use VOIP or Cell to call broker; problem is that if NYC, their lines will be jammed.
5. Be prepared to go to a place that offers public wifi, but again, in NYC, not sure that is feasible.
6. ALWAYS HAVE DEFENSIVE STOPS IN PLACE WHEN THE TRADE IS PUT ON.
Out here maintaining an AT&T DSL line for redundancy is very expensive so not really feasible, but it might be where you live.
This risk isn't just where there is a major black out like happened earlier this month. There are many scenarios in which your trading computer could lose either a data or power connection. You have to be prepared for any of them. Like I said, defensive stops.
server side stop loss (stop market) is the best protection for that open position. then you have a couple of options to close it out. I recommend having 2 data feeds with at least one having a mobile app so you can access away from your desk. i think having the back up battery for your computer system and modem/router should be priority for all traders. If the problem is city wide, than the best thing you can do is protect your position when you enter it at the beginning and then you can figure out how you can manage it a little bit more comfortably later on.
Make it your policy to only trade with money that you can afford to lose,and always use protective stop (Initial Stop Loss /or Trailing Stop Loss) in all your open positions irrespective of how good you feel about your trading prowess.
Traders around PacificRims face this kind of problem practically everyday.
Internet down, utilities shortage, broken optic line, heckers interruption, so on.
Whenever it happens, we use cell phone to contact brokers
in the US, Aus and UK.
But if that is not possible, then hopefully your preset stop would kick into action,
to save your positions.
If that fails, then
hopefully you are like most eschewed traders
who already have an off-set trade,
positioned to minimize loss for your initial position....;
which only few traders do....
And if that fails
who knows, you might be enormously rewarded,
or otherwise....