Backup Internet Access
When I managed the RIA I used to work at, it was an SEC mandate that we had backup internet access. We supplemented our T1 line with a cable modem in case the internet went down. While this rule is mandatory for registered investment advisers, I find it very applicable to a personal trader. Nothing is worse than having an open positon and not being able to monitor it for a possible close.
I have a 10 meg cable connection at home. While it’s up 99% of the time, it will eventually go down for various reasons. This happened last week while I had a position open. Luckily that position continued to act the way I wanted but I was not going to risk something like that again.
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