No worries 
Would appreciate any input on this, if anyone else has any other views! - @David / @Vedran maybe?
@BigShort The idea of a rollover is not to close the position. You can just click x & open a new one if you wish to avoid the correction but that beats the whole point.
Hello Matt, so how did the MAY OIL contract end up for you?
Terrible. I lost a fortune. But. ā¦I got very lucky. I took what was left in an all or nothing gamble and shorted the june contract. Fortunately it fell all the way to $10 and I actually came away with what Iād lost and more. Totally my own fault and I laid for a lack of understanding of futures contracts and an extreme set of circumstances. Lesson learnt.
Hi Matt
me too! my posts keep getting removed by moderators. I do like T212.
how can we have a private chat?
Thereās no real need for a private chat. It was what it was. Done now. On to the next investment. Good luck .
You can click nickname of person and there you will se āmessageā option
Oki, good luck to you too.
sorry matey - one last thingā¦
just to let you know , I spoke to the CME the following day the instrument was liquid and tradingā¦
FYI - got it in writing and conference call with CME Market investigators.
we could have bought negative and our accounts would have been credited with fundsā¦ whilst watching the price crash in disbelief ā someone screwed us , not mentioning any names- fair market playing field?? google Interactive brokers oil price crash.
This is proper general after battle speech 
Easy to speak in hindsight when you know all the data, would you buy again long position after seeing fortune sink ? I doubt it. At time you didnāt know how much negative would it go. Was -4 bottom, -30ā¦ I think majority got saved by block of trading.
You should thank t212 for saving you $$$.
Like your colleague said, lesson learned, move onā¦
1 Like
I agree Vedran. I had no one to blame but myself. And I suspect T212 can suspend trading whenever is reasonable really. I bet itās in the contract somewhere. Itās done now. No amount of āwhat ifā or āsomeone did somethingā is going to change it.
Iām out of oil futures, just too volatile right now. Even though the June contract is riding high, I wonder what will happen Tues on expiry againā¦it will probably be ok but too big a risk right now.
2 Likes
Sour grapes by me? no. I can stomach the loss. Hang on secā¦ you missing the point a negative price means you get paid to buy. PERIOD. give me that opportunity & to find out - later I find out there was liquidity and news articles all over the world / CME saying the same thing. I thank T212 for an excellent platform. It is good and precise. But to arbitrarily suspend the market , when , again there was liquidity.
Read the real news ā¦ & play fair. If prices are negative , thatās not the little guys problem, rather someone elseās. But the little guy paid for it.
The rollover was not the point. we had 3-4 hours of trading left. Get thatā¦ suspension went on when others were trading. CME states it is for 20 seconds maxā¦ not 3-4 hours
I am by no means CFD expertā¦ but when you go long/short in CFD you dont āownā anything, you just bet price will go up or down.
So no you donāt get paid to buy, you bet price would go up, but before it went up it dropped 305%ā¦
I am not math expert but if you went long for 10k , you would need to have nice margine on your account to survive the drop without getting wipedā¦
well my trading stopped at 1$ not Zero. and yes, I had plenty in my account that all got sucked up & then they rolled over - further more , when I asked T212 for further infoā¦about the rollover & liquidity I get the standard response. So who was on the other side of my trade if the exchange was trading and T212 was NOT,? I think this where the answers stop - no answers is very suspicious.
Iām no Michael Lewis, but Iād like some answers as to who stopped the liquidity when the Exchange is trading. & Iām not Naive enough to think T212 did me a favour. If they did ā tell me ā¦ they wonāt - again read the Interactive brokers story on OIL.
OK, one in a billion but it happened on that day , either way a negative price meant we can lower average our priceā¦ the point about trading - you get luckyā¦ ( but we werenāt on the CMEā¦ we were trading against ā¦who??? I can only speculate and it was in their interest to cut liquidity - get that point ā¦everyone who lost on April 20th because when the rules donāt suit someone , so we lose out.
Apart from this , I like T212 , a lot. 3-4 hours suspension is my gripe - not so much the losses. The time to evaluate a price - go long / short etcā¦ you turn on the TV and Bloomberg TV is showing price moving. - your broker has suspended it. Come on???
I would understand your frustration if you were shorting aka winning and they stopped you.
Reflect, learn, implement, winā¦
the suspension stopped me (and everyone else who was long ) from winning -it was most prob. technical glitchā¦ once in a lifetime glitch-Interactive brokers my friendā¦
but thank you for the words of wisdom, nonetheless.