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So there are no more limit-up and downs? |
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oh there are (lock limits) given the right market conditions and how many traders are on the wrong side.
if the "globex" session is trading at its upper limit range, once the pit opens and trades at the limit, the market locks up in the RTH and no trades will be executed on both pit or electronic.
the limits change from time to time currently they are, but don't hold me to it:
corn +/- 20 cents
wheat +/- 30 cents
beans +/- 50 cents (I think, this was the only market that did not lock limit last week or so)
best way to avoid those sleepless night either enter your trade as a spread or just get out before a report if you are scared.