The opinions expressed in these forums do not represent those of C2, and any discussion of profit/loss is not indicative of future performance or success. There is a substantial risk of loss in trading. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You should read, understand, and consider the Risk Disclosure Statement that is provided by your broker before you consider trading. Most people who trade lose money.
I don’t know if IB has this ability but tradeprofutures.com has the ability to set daily loss limits. For example, once a loss limit of $1000 (or whatever dollar amount you choose is reached) a market order is sent to close all open positions, cancel all open orders and the trader is locked out until the next session. The broker sets this level for you so the third party will have no ability to change this on their own.
