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2
Posted on 11/8/16 at 2:06 pm to LSURussian
Kinda what I am referencing. Market drops and GS announcement. Interesting.
Posted on 11/8/16 at 2:11 pm to gamatt53
quote:
don't bring your fricking common sense here
That's actually not true at all.
The uncertainty is already baked in.
It's more likely that a client with a large peso stake decided to sell off after a two month high.
Posted on 11/8/16 at 2:11 pm to NC_Tigah
Posted on 11/8/16 at 2:12 pm to LSURussian
quote:Yep.
Doesn't that chat show the peso getting stronger vs USD?
Yes, as the MSM keeps telling everyone that Hillary will win.
The MSM is in full-throat.
Posted on 11/8/16 at 2:14 pm to Hog on the Hill
quote:
My friend works at Goldman in the Latin market... he must be fricking nuts right now
I lived in Jersey City near the GS building he was going to be there to midnight eitherway
Posted on 11/8/16 at 2:16 pm to NC_Tigah
It's been gaining since 10/26 and started the downward trend on 11/3.
https://www.investing.com/currencies/usd-mxn-chart
https://www.investing.com/currencies/usd-mxn-chart
Posted on 11/8/16 at 2:16 pm to NC_Tigah
I don't trade currencies so I have ZERO insight as to Goldman's reasons for not accepting stop loss orders on the MXN.
But I do have pretty extensive experience in trading stocks.
And the only time I had a stop loss order killed by my broker (Schwab) was on a stock that was scheduled to report earnings after the market closed one trading day.
I put the stop loss order in to be executed in the 'after hours' trading (which I had done many times with no problems) just in case the company I owned the stock in had a big miss in earnings. I wanted to limit how much of a drop in that stock's price I would tolerate before the stock sold "automatically."
Schwab killed the stop loss order just before the market closed. I assumed they did that because they didn't want to be responsible for not being able to fill my order before the stock's price fell (quickly) below my stop loss limit price.
But I do have pretty extensive experience in trading stocks.
And the only time I had a stop loss order killed by my broker (Schwab) was on a stock that was scheduled to report earnings after the market closed one trading day.
I put the stop loss order in to be executed in the 'after hours' trading (which I had done many times with no problems) just in case the company I owned the stock in had a big miss in earnings. I wanted to limit how much of a drop in that stock's price I would tolerate before the stock sold "automatically."
Schwab killed the stop loss order just before the market closed. I assumed they did that because they didn't want to be responsible for not being able to fill my order before the stock's price fell (quickly) below my stop loss limit price.
Posted on 11/8/16 at 2:17 pm to NC_Tigah
Ay caramba!
Posted on 11/8/16 at 2:17 pm to Hog on the Hill
quote:
My friend works at Goldman in the Latin market... he must be fricking nuts right now
Just took a quick peak - pretty much all the LatAm currencies are down right now. The BRL is down more than the MXN.
This post was edited on 11/8/16 at 2:21 pm
Posted on 11/8/16 at 2:18 pm to LSURussian
quote:
Schwab killed the stop loss order just before the market closed. I assumed they did that because they didn't want to be responsible for not being able to fill my order before the stock's price fell (quickly) below my stop loss limit price.
I think this is your answer
Posted on 11/8/16 at 2:19 pm to LSURussian
quote:
Schwab killed the stop loss order just before the market closed. I assumed they did that because they didn't want to be responsible for not being able to fill my order before the stock's price fell (quickly) below my stop loss limit price.
Yes. Money speaks first and everyone else follows. Man this may actually happen for trump.
Posted on 11/8/16 at 2:22 pm to NC_Tigah
To sum up, markets usually rally if the incumbent is projected to win, and fall of the challenger is leading. This pattern held during Brexit even though the networks polled a stay victory. Markets have predicted the president correctly for like 50 years.
Posted on 11/8/16 at 2:26 pm to AbuTheMonkey
quote:Can you explain this to me like I'm a lowly enlisted grunt. TIA
AbuTheMonkey
Posted on 11/8/16 at 2:32 pm to GeauxxxTigers23
quote:
Can you explain this to me like I'm a lowly enlisted grunt. TIA
Pretty much all the Latin American currencies took a sharp downturn this morning. The Colombian peso, Brazilian real, and Mexican peso are all down (the Colombian is way, way down).
I am not sure what happened, but the real and Colombian peso aren't really tied much to the U.S. election. There was most likely some sort of financial shock event through Latin America that is kicking these currencies down. The Mexican peso is actually not as down as most of the rest of Latin America. It could have been some sort of interest rate announcement, a debt ratings downgrade, or any number of things. I don't have Bloomberg, so I am not entirely sure.
Posted on 11/8/16 at 2:32 pm to LSURussian
quote:
I assumed they did that because they didn't want to be responsible for not being able to fill my order before the stock's price fell (quickly) below my stop loss limit price
It depends how this "ban" is worded. If they're no longer accepting stop-loss limit orders, that would be a bit harder to rationalize. When you place a stop limit order, you should understand that you're agreeing you only want it sold for $X or more dollars, and if they cannot get $X or more, you're accepting your fate to the downside and willing to ride it out until then.
Banning stop-loss market orders is a little more understandable. If they're getting significant stop-loss market orders, which I'm sure they are from clients wanting to limit their downside, they could be effectively preventing a ton of downside selling pressure at a specific price. If there is a large volume of stop-loss market orders @ 18.40, for instance, then they'll all become sell market orders at that time and could drive the price down tremendously.
FWIW, the NYSE, Nasdaq, and BATS no longer accept stop orders for this very reason. Retail clients can lose their tail because they don't understand the implications and often try to do it in lightly-traded companies with large bid/ask spreads where it can become an unmitigated disaster.
Posted on 11/8/16 at 3:06 pm to slackster
Any update on peso/currency markets? I don't have access to my account. TIA
Posted on 11/8/16 at 3:09 pm to Droplinebacker
quote:18.3856 -0.1973 (-1.06%) Continuing to trend Clinton
Any update on peso/currency markets? I don't have access to my account. TIA
Posted on 11/8/16 at 3:14 pm to NC_Tigah
Does this mean trump or clinton?
Posted on 11/8/16 at 3:16 pm to NC_Tigah
That doesn't appear to be trending Clinton. Looks like it broke thru $18.50 support level today. Hard to read anything one way or the other in this chart, however.
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