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Old 12-06-2006, 12:57 AM
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Join Date: Oct 2006
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My contigency plan

We all know the rules of engagements, at least we think we do until something happens to us, like blackouts, no internet connection, broker server disconnect, broker software freeze, and many more mishaps. These are things that go with the business, so better plan for it.

Here's my setup, nothing fancy but it's adequate for now until I upgrade later:

1) my desktop
2) my laptop
3) remote server at datacenter
4) DSL line
5) Dialup line
6) 3G line (wireless DSL/dialup, that's what they call I think).
7) Main broker
8) 2nd broker
9) brokers phone #, customer support phone #, telco customer support #, remote datacenter customer support #.

Scenarios:
1) blackouts - if these happen, I go to my laptop and use dialup to reconnect and go flat in case I was in a trade.
2) broker software freeze or malfunction - I go to another broker and hedge my 1st broker's trade. Call them until i get resolution then go flat simultaneously. I also go to remote desktop to connect to my server at datacenter and go flat from there, if laptop doesn't work either.
3) DSL disconnect - I go to my dialup or 3G connection to get back in
4) Caught in position without being at trading station/desk - Take my laptop to coffee shop or golf lounge and connect via 3G

I'm sure there are other situations, but these are ones that have happened to me. When they do, my first goal is to go flat, whatever it takes as quickly as possible.

What about you guys? What's your contingency plan?

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