Murphy’s Law: Anything That Can Go Wrong Will Go Wrong…

Today since morning exchange had order flow glitches.

At 11:38 am, all the pending orders were cancelled by the exchange.

Now all those pending stop-loss orders and buy limit orders got cancelled.

These pending orders act as support against a severe sell-off. Due to exchange goof up, many people missed noticing that, pending orders were cancelled automatically.

In such a situation, a quick large sell order can push prices very very down due to no buy pending orders. Stoploss and limit buy are still buy orders that push prices up.

When buy interest is Missing, prices must go at discount to attract buying interest. The same thing took crude into negative.

Also, Those who keep stopping loss at 9:15 am and leave for office work would have got killed since stop-loss pending was cancelled.

Now you know, what you don’t know about markets.

Murphy’s law,

“Anything that can go wrong will go wrong – at the most inappropriate moment”