Hey guys, I am just starting out and i have a question.
I was looking at a stock I traded earlier in
the day, at the time there were only 2 limit orders on
LVL II. One was about 10x more than the closing price
and the other was at .01. My question is what if I
accidently hit buy or sell(market of course). I would
be in debt instantly, many times more than my current
balance. Does lightspeed have something to prevent
this from happening? I tried getting some YHOO right
after that, but it said markets were closed, this was
at 5:55 (I thought after-market was open till 630).
Maybe this was the reason there were only 2 "funny"
limit offer/bids for the stock I was looking at. Its just a scary
thought that something like that could happen. I would
be ruined.
I was looking at a stock I traded earlier in
the day, at the time there were only 2 limit orders on
LVL II. One was about 10x more than the closing price
and the other was at .01. My question is what if I
accidently hit buy or sell(market of course). I would
be in debt instantly, many times more than my current
balance. Does lightspeed have something to prevent
this from happening? I tried getting some YHOO right
after that, but it said markets were closed, this was
at 5:55 (I thought after-market was open till 630).
Maybe this was the reason there were only 2 "funny"
limit offer/bids for the stock I was looking at. Its just a scary
thought that something like that could happen. I would
be ruined.
