Octane, Tariffs, and a Little Morning Panic

When I woke up this morning, I braced for a little shock as I checked my brokerage account—and Octane did not disappoint. (That doesn’t mean I liked it.) The drawdown had soared to over 30%, and active trades had skyrocketed from 22 to a jaw-dropping 102. This bot clearly had a plan. I just hoped that plan didn’t involve turning my account into a cautionary tale.


Sweating Bullets, Then an Email Lifeline

As I watched the bot take some losses, I’ll admit to sweating it out. But then, an email from EFX hit my inbox, and it was like a glass of cold water on a hot day. Here’s the gist of what they said:

EFX Update:
With so many questions coming in, we want to reassure everyone.

Our team is monitoring the system closely to ensure it operates as designed. The bot is currently in safety mode, prioritizing capital protection. Losses you may see in your account are part of precautionary measures to limit market exposure and safeguard your funds.

The drawdown is already decreasing. The current volatility stems from Trump’s tariff announcement, causing global market turbulence.

Thank you for your patience and trust as we navigate these conditions together.

Receiving proactive updates like this makes it a lot easier to trust that EFX genuinely cares about protecting my account. The market may be doing its chaotic tariff dance, but EFX reassures me that they’re keeping an eye on the situation.


Confidence in the Chaos

Oddly enough, as I saw the bot drop in value, my confidence in it actually grew. Why? Because it wasn’t running wild through my account. Instead, it was actively managing risk. If that means losing a small percentage of my account to preserve the rest, I’ll gladly take it.

I continue to feel good about running the Octane bot. EFX’s communication reinforces that they’re not just sitting idly by—they’re actively working to safeguard my capital.


A Note to Odyssey: Take Notes

Now, if only the providers of my Odyssey bot could take a page out of EFX’s book and send out a reassuring “we got this” email. Until then, Octane remains the bot that not only performs but also keeps me informed—something every trader could use during turbulent times.

About Andy G

Semi-retired dad of 4 biological kids and many others kids. Eyes on eternity while enjoying the blessings this life has available.
This entry was posted in algorithmic trading, drawdown, EFX, Octane, Odyssey and tagged , , . Bookmark the permalink.

1 Response to Octane, Tariffs, and a Little Morning Panic

  1. agruenbaum says:

    Just received an email from NURP. (Odyssey) They are referring to this as a, “rare macro environment.” Let’s hope the Odyssey bot can still recover in a timely manner!! Nurp claims Odyssey is at a 12% realized loss in April.

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